This has got to be one of the most interesting dividend stocks on the market. The company has a generous dividend policy that translates to an annual yield of 12% at the current share price. It also happens to follow a monthly distribution schedule. In other words, investors who own this stock today get to collect a one percent cash return every month.
The company in question is ARMOUR Residential REIT, Inc. (NYSE:ARR), which, as the name suggests, is a real estate investment trust (REIT) specializing in the residential segment. But instead of owning apartment buildings, ARR focuses on the mortgage side of the residential real estate business. Headquartered in Vero Beach, Florida, ARMOUR Residential REIT invests primarily in residential mortgage-backed securities (RMBS) that are issued or backed by government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or the Government National Mortgage Association (Ginnie Mae).
Source: Income Investors
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