Invesco Mortgage Capital Inc (IVR) to Distribute Monthly Dividend of $0.12 on July 15th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 18.0%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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. Equities research analysts expect Invesco Mortgage Capital to earn $1.97 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 73.1%.

Invesco Mortgage Capital Stock Performance

Invesco Mortgage Capital stock opened at $8.00 on Friday. The firm’s 50-day moving average is $8.08 and its 200-day moving average is $8.33. Invesco Mortgage Capital has a 1 year low of $7.10 and a 1 year high of $9.50. The company has a market cap of $742.10 million, a P/E ratio of 10.80 and a beta of 1.61.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of ($15.01) million during the quarter, compared to the consensus estimate of $39.80 million. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. As a group, sell-side analysts predict that Invesco Mortgage Capital will post 2.01 earnings per share for the current year.

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.