ARMOUR Residential REIT's Series C Preferred Stock Crosses Above 8.5% Yield TerritoryBy Preferred Stock Channel Staff, Monday, April 15, 2:54 PM ETIn trading on Monday, shares of ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (NYSE:ARR.PRC) were yielding above the 8.5% mark based on its monthly dividend (annualized to $1.75), with shares changing hands as low as $20.43 on the day. This compares to an average yield of 7.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ARR.PRC was trading at a 16.88% discount to its liquidation preference amount, versus the average discount of 15.46% in the "Real Estate" category. The chart below shows the one year performance of ARR.PRC shares, versus ARR:
Below is a dividend history chart for ARR.PRC, showing historical dividend payments on ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (NYSE:ARR.PRC) is currently off about 1.4% on the day, while the common shares (NYSE:ARR) are down about 2.3%.
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