Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, May 26th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, June 12th. This represents a c) annualized dividend and a yield of 17.8%. The ex-dividend date of this dividend is Tuesday, May 26th.
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 payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Invesco Mortgage Capital to earn $2.26 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 63.7%.
Invesco Mortgage Capital Stock Down 1.1%
NYSE IVR opened at $8.09 on Friday. Invesco Mortgage Capital has a 52 week low of $7.10 and a 52 week high of $9.50. The company has a market cap of $750.91 million, a PE ratio of 10.93 and a beta of 1.64. The firm’s 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $8.29.
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.
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