Invesco Mortgage Capital Inc (IVR) Increases Dividend to $0.45 Per Share

Invesco Mortgage Capital Inc (NYSE:IVR) announced a quarterly dividend on Tuesday, March 19th, Wall Street Journal reports. Stockholders of record on Friday, March 29th will be given a dividend of 0.45 per share by the real estate investment trust on Friday, April 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date is Thursday, March 28th. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.42.

Invesco Mortgage Capital has decreased its dividend by an average of 1.4% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Invesco Mortgage Capital has a payout ratio of 105.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of IVR traded up $0.02 during midday trading on Tuesday, reaching $16.18. The stock had a trading volume of 1,163,357 shares, compared to its average volume of 1,478,229. Invesco Mortgage Capital has a 52 week low of $13.67 and a 52 week high of $16.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market capitalization of $2.06 billion, a PE ratio of 9.31 and a beta of 0.72.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Invesco Mortgage Capital had a positive return on equity of 11.98% and a negative net margin of 9.79%. The company had revenue of $143.89 million for the quarter, compared to the consensus estimate of $63.80 million. During the same quarter in the previous year, the business earned $0.47 EPS.

Separately, Barclays reissued a “hold” rating and issued a $15.00 price objective on shares of Invesco Mortgage Capital in a research note on Sunday, February 24th.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.com-unik.info/2019/03/19/invesco-mortgage-capital-inc-ivr-increases-dividend-to-0-45-per-share.html.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.

Further Reading: Cryptocurrencies

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit