Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on November 16th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Wednesday, October 14th. Stockholders of record on Monday, October 26th will be given a dividend of $0.12 per share by the real estate investment trust on Monday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 25.5%. The ex-dividend date is Monday, October 26th.

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% indicating that 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 Trading Up 1.5%

Shares of IVR opened at $5.64 on Friday. The firm’s 50-day moving average price is $6.73 and its 200-day moving average price is $7.53. The firm has a market capitalization of $607.63 million, a price-to-earnings ratio of 3.81 and a beta of 1.69. Invesco Mortgage Capital has a 1-year low of $5.45 and a 1-year high of $9.50.

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

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.