Invesco Mortgage Capital Inc (IVR) To Go Ex-Dividend on August 25th

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Friday, August 14th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 19.1%. The ex-dividend date is Tuesday, August 25th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Invesco Mortgage Capital to earn $1.85 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 77.8%.

Invesco Mortgage Capital Stock Down 0.3%

Shares of IVR opened at $7.53 on Friday. The company has a 50 day moving average of $7.74 and a 200-day moving average of $8.05. Invesco Mortgage Capital has a twelve month low of $7.10 and a twelve month high of $9.50. The stock has a market capitalization of $810.53 million, a P/E ratio of 5.09 and a beta of 1.60.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. On average, sell-side analysts anticipate that Invesco Mortgage Capital will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.