Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) declared a monthly dividend on Friday, February 13th. Investors of record on Tuesday, February 24th will be paid 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 yield of 16.6%. The ex-dividend date 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 payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings.
Invesco Mortgage Capital Price Performance
Shares of NYSE:IVR opened at $8.66 on Friday. The firm has a market capitalization of $614.64 million, a PE ratio of 6.77 and a beta of 1.76. Invesco Mortgage Capital has a 12 month low of $5.86 and a 12 month high of $9.50. The business has a 50-day moving average of $8.74 and a two-hundred day moving average of $8.05.
About Invesco Mortgage Capital
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.
Further Reading
- Five stocks we like better than Invesco Mortgage Capital
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s 1776 happening again
- How a Family Trust May Be Able To Help Preserve Your Wealth
- This makes me furious
- Elon Musk: This Could Turn $100 into $100,000
Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.
