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Armour Residential REIT
Have bought 500 shares of ARMOUR Residential REIT (ARR). ARR pays out US$0.10 per month in dividends. Its current share price is around US$7.00
This is a mortgage REIT. Withholding tax rate is 30% if not wrong. Certainly not your typical REIT and definitely not for the faint hearted or risk adverse kind.
Hi, after factoring in withholding tax, what is your net yield? 16% sounds too good to be true
ReplyDeleteHi FF,
ReplyDeleteApart from witholding tax consideration, what is its gearing level and its debt profile like? What about interest cover ratio?
I tried looking at its slides presentation but I am quite lost with this REIT. Perhaps, it is too complicated for me to understand.
Armour Residential REIT: Company update (8 June 2012)
Could you share with us a bit more what you understand about this REIT? :)
This is a mortgage REIT. Withholding tax rate is 30% if not wrong. Certainly not your typical REIT and definitely not for the faint hearted or risk adverse kind.
ReplyDelete