ARMOUR Residential REIT's Series C Preferred Stock Crosses Above 8.5% Yield Territory
April 15, 2024 at 14:54 PM EDT
In trading on Monday, shares of ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (ARR. RC) 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.
