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ARMOUR Residential REIT, Inc. Message Board

  • legionfullmetal7 legionfullmetal7 Sep 18, 2013 8:08 PM Flag

    ARR-PA and ARR-PB dividends have not been cut...I repeat divs have not been cut.

    Hi Friends, I wanted to let you all know that the Preferred ARR- PA and PB dividends have not been cut and can not be cut plus they are cumulative which means if they will be paid if a month is missed later on. The ARR- PA pays .17 cents a month so it you would need about 3 shares of ARR to match it which would put you at a cost of around $17 right now, but the worry is so much less the ARR- PA is currently at $22.76 and is callable in 2017= $2.04 per year for at least 4 more years and even if the price falls to $10 it is callable at $25. If the market improves, debt will cost less and this stock will be called, if the market falls and economy falters people will flock to this stock for yield and put it way over $25. I am sorry for your loss but it is not the end, it is just the beginning.... use your dividends to buy the ARR stock each month and stock up on a stock that is headed to around $3.00 per share. See, you can not fool the market they want to cut the dividend... investors will cut the price....

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