Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) announced a monthly dividend on Friday, August 14th. Shareholders 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 yield of 19.1%. The ex-dividend date is Tuesday, August 25th.
Invesco Mortgage Capital has decreased its dividend 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. 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%
IVR opened at $7.53 on Friday. Invesco Mortgage Capital has a 52 week low of $7.10 and a 52 week high of $9.50. The stock has a market cap of $810.53 million, a PE ratio of 5.09 and a beta of 1.60. The business has a 50 day moving average of $7.74 and a 200-day moving average of $8.05.
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.
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