Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

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

Ex-Dividend Date: April 15

Dividend Yield as of March 30: 6.89%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is an American real estate investment trust company, based in Florida. The company mainly invests in mortgage-backed securities. It is popular among investors because of its policy of paying monthly dividends to shareholders. On March 25, it declared a monthly dividend of $0.24 per share, which was in line with its previous dividend. The company has been paying regular dividends to shareholders for the past 14 years. Its dividend yield, on March 30, came in at 6.89%.

ARMOUR Residential REIT, Inc. (NYSE:ARR) mainly focuses on expanding homeownership access to a wide range of individuals. Its approach to delivering shareholder value centers on strategically investing in and managing a diversified, leveraged portfolio of mortgage-backed securities (MBS). The company prioritizes maintaining steady dividend payments for common shareholders, emphasizing long-term objectives over short-term market fluctuations.

In the fourth quarter of 2024, ARMOUR Residential REIT, Inc. (NYSE:ARR) reported a net interest income of $12.7 million, marking a remarkable 119% increase from the previous year. Distributable earnings available to common stockholders totaled $46.5 million, translating to $0.78 per common share. Additionally, the company raised $136.2 million in capital through the issuance of 7,205,653 common shares under its at-the-market offering program.