5 Low Beta Dividend Stocks with High Yields

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

Dividend Yield as of January 26: 12.90%

Number of Hedge Fund Holders: 6

Beta Value: 0.93

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust that invests in residential mortgage backed securities in the United States, which are usually guaranteed by a government-sponsored entity. 

On January 4, ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a $0.10 per share monthly dividend, in line with previous. The dividend will be paid on January 28, to shareholders of record on January 18. ARMOUR Residential REIT, Inc. (NYSE:ARR) delivers a dividend yield of 12.90% as of January 26. 

JonesTrading analyst Jason Stewart downgraded ARMOUR Residential REIT, Inc. (NYSE:ARR) on October 28 to Hold from Buy and removed his prior price target after ARMOUR Residential REIT, Inc. (NYSE:ARR)’s distributable earnings miss. He sees the risk versus reward as balanced at current levels for ARMOUR Residential REIT, Inc. (NYSE:ARR), with the shares trading at book value. 

In Q3 2021, ARMOUR Residential REIT, Inc. (NYSE:ARR)’s largest stakeholder was Two Sigma Advisors, with 1.3 million shares worth $14.4 million. Overall, 6 hedge funds were bullish on ARMOUR Residential REIT, Inc. (NYSE:ARR), down from 13 funds in the preceding quarter.