Invesco Mortgage Capital Inc (NYSE:IVR) to Issue Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Friday, March 13th. Investors of record on Tuesday, March 24th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 18.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

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 payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

NYSE IVR opened at $7.64 on Friday. Invesco Mortgage Capital has a 1 year low of $5.86 and a 1 year high of $9.50. The company has a market capitalization of $635.85 million, a PE ratio of 5.97 and a beta of 1.76. The company has a fifty day moving average of $8.65 and a two-hundred day moving average of $8.13.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a return on equity of 28.85% and a net margin of 34.30%.The firm had revenue of $56.06 million for the quarter, compared to analysts’ expectations of $47.99 million. On average, research analysts expect that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IVR shares. Compass Point started coverage on Invesco Mortgage Capital in a research report on Monday, December 15th. They issued a “buy” rating and a $9.00 target price for the company. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Zacks Research downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.25.

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.