5 Cheap Dividend Stocks that Will Help You Retire Before 40

1. ARMOUR Residential REIT, Inc. (NYSE: ARR)

Number of Hedge Fund Holders: 13
Dividend Yield: 11.64%

Stock Price as of August 23: $10.50

ARMOUR Residential REIT, Inc. (NYSE: ARR) is another real estate investment trust, and next and last on our list of cheap dividend stocks that will help you retire before 40. The company was founded in 2008 and is based in Florida, US.

Matt Howlett, an analyst at B. Riley, holds a Neutral rating and an $11.50 price target on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) as of this July.

In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, beating the previous quarter’s $16.06 million revenue. ARMOUR Residential REIT, Inc. (NYSE: ARR) has gained 7.28% in the past year.

By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $32.3 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $22.2 million.

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