In Friday trading, shares of ARMOUR Residential REIT Inc.’s 7.00% Series C Cumulative Redeemable Preferred Stock (Symbol: ARR.PRC) yielded above 8.5%, with shares trading as low as $20.37. The stock’s annualized dividend is $1.75, compared to the average yield of 8.16% in the Real Estate preferred stock category. ARR.PRC is trading at a 17.60% discount to its liquidation preference, while the average discount in the category is 15.38%.
As of the last close, ARR.PRC was down approximately 0.7% for the day, whereas the common shares of ARMOUR (Symbol: ARR) decreased by about 6.2%.
