Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on March 13th

Invesco Mortgage Capital Inc (NYSE:IVRGet Free Report) declared a monthly dividend on Friday, February 13th. Shareholders of record on Tuesday, February 24th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 16.6%. The ex-dividend date of this dividend is Tuesday, February 24th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%annually over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Stock Up 0.6%

IVR opened at $8.66 on Friday. Invesco Mortgage Capital has a 52 week low of $5.86 and a 52 week high of $9.50. The stock has a market cap of $614.64 million, a PE ratio of 6.77 and a beta of 1.76. The business has a 50 day moving average of $8.74 and a 200-day moving average of $8.05.

Invesco Mortgage Capital (NYSE:IVRGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $47.99 million. Equities analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Invesco Mortgage Capital Company Profile

(Get Free Report)

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.

See Also

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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