Invesco Mortgage Capital Inc. (IVR) to Issue Quarterly Dividend of $0.40 on January 24th

Invesco Mortgage Capital Inc. (NYSE:IVR) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, January 24th. This represents a $1.60 annualized dividend and a dividend yield of 19.44%. The ex-dividend date of this dividend is Monday, December 30th.

Invesco Mortgage Capital has decreased its dividend by an average of 23.4% annually over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Invesco Mortgage Capital to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 64.3%.

Invesco Mortgage Capital Stock Performance

IVR stock opened at $8.23 on Friday. The company has a market cap of $499.81 million, a price-to-earnings ratio of 6.86 and a beta of 1.89. The business’s 50-day moving average is $8.31 and its two-hundred day moving average is $8.75. Invesco Mortgage Capital has a fifty-two week low of $7.60 and a fifty-two week high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $12.38 million. Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. During the same quarter last year, the company earned $1.51 earnings per share. Equities analysts predict that Invesco Mortgage Capital will post 3.06 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.