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

Invesco Mortgage Capital Inc (NYSE:IVRGet 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.

Invesco Mortgage Capital (NYSE:IVRGet Free Report) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $47.99 million. As a group, research analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

About Invesco Mortgage Capital

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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

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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