ARMOUR Residential REIT, Inc. (NYSE:ARR) is included among the Best High Yield Stocks to Buy in October.
ARMOUR Residential REIT, Inc. is a real estate investment trust that invests in residential mortgage-backed securities, such as fixed-rate, hybrid adjustable-rate, and adjustable-rate securities.
ARMOUR Residential REIT, Inc. is committed to increasing access to homeownership and to providing value to its shareholders. The trust’s approach is focused on selectively acquiring and actively managing a well-diversified, leveraged portfolio of mortgage-backed securities (“MBS”). A significant focus for ARMOUR is on maintaining steady dividend payments to common stockholders, emphasizing the long-term results rather than short-term market movements.
ARMOUR Residential REIT, Inc. is popular amongst dividend investors because it pays them monthly. Also, it has consistently paid dividends to its shareholders for the past 14 years. It currently offers a monthly dividend of $0.24 per share, for a dividend yield of 19.77%, as of September 27.
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