Invesco Mortgage Capital Inc (NYSE:IVR) to Issue Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Thursday, January 15th. Stockholders of record on Monday, January 26th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Monday, January 26th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.4%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Stock Up 2.4%

Shares of IVR opened at $9.31 on Friday. The stock has a 50 day moving average price of $8.25 and a 200 day moving average price of $7.82. The company has a market capitalization of $660.19 million, a price-to-earnings ratio of 18.25 and a beta of 1.71. Invesco Mortgage Capital has a 52-week low of $5.86 and a 52-week high of $9.32.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of ($22.71) million for the quarter, compared to analysts’ expectations of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. On average, equities analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Company Profile

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.