Monday, December 17, 2012

Dividend Alert

If you haven't paid attention to the latest news on ARR well they just announced their dividend payments for the first quarter in 2013.  I have been ringing the bell on this stock this whole year.  Now it's even better than when I first started buying it.  The stock is at $6.64 as of the end of today, well below it's normal $7.00 range.  Let's just do the math... if you invest $10,000 you would have 1506 shares.  With a $0.17 MONTHLY dividend, you are making $256 a month just by owning the stock.  I'll let you decide...

http://finance.yahoo.com/news/armour-residential-reit-inc-announces-210828981.html

Update:  I mistakenly read the first announcement.  The $0.17 dividend only refers to the PREFERRED Stock which is trading at $25 a share.  The common stock dividend is paying $0.08 a month.  Still a good investment.