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

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Tuesday, September 15th. Stockholders of record on Monday, September 28th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, September 28th.

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% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

IVR opened at $6.54 on Wednesday. The company’s 50 day simple moving average is $7.47 and its 200 day simple moving average is $7.85. Invesco Mortgage Capital has a 1 year low of $6.52 and a 1 year high of $9.50. The stock has a market capitalization of $703.43 million, a PE ratio of 4.42 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. As a group, sell-side analysts expect that Invesco Mortgage Capital will post 1.97 earnings per share for the current fiscal year.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.

The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.