ARMOUR Residential REIT Inc. (NYSE: ARR ) pays a 17% dividend, and it's priced at just $7.22 per share. It's a mortgage real estate investment trust (REIT) with headquarters in Vero Beach, Florida. According to its website, it " invests primarily in residential mortgage-backed securities issued or guaranteed by a United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae)." B. Riley Securities analysts, in July, 2022, reiterated a neutral rating on ARMOUR but lowered its price target from $9.50 to $8.00.