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.

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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.

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Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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