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Ex-Dividend Date Insight: ARMOUR Residential REIT

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ARMOUR Residential REIT (NYSE:ARR) declared a dividend payable on February 26, 2021 to its shareholders as of January 28, 2021. It was also announced that shareholders of ARMOUR Residential REIT's stock as of February 16, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. ARMOUR Residential REIT, which has a current dividend per share of $0.1, has an ex-dividend date scheduled for February 12, 2021. That equates to a dividend yield of 10.64% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

ARMOUR Residential REIT's Dividend History

Over the past year, ARMOUR Residential REIT has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on October 14, 2020 the company's payout was $0.1, which has returned to its value today. ARMOUR Residential REIT's dividend yield last year was 12.67%, which has since decreased by 2.03%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on ARMOUR Residential REIT's previous dividends.

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