Armour Residential: Why The 14.8% Dividend Yield Could Dip

halbergman/E+ via Getty Images Armour Residential's (NYSE:ARR) dividend profile since the pandemic has been torrid. The mortgage REIT last declared a monthly cash dividend of $0.24 per share, unchanged from its prior payout and $2.88 per share annualized, for an immense 14.8% dividend yield. However, this monthly payout has been precarious, it was $0.85 per share before the pandemic in 2019, and has dipped by roughly 61 cents since then to its current level. The monthly payout stood at 40 cents per shar ...