Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) declared a monthly dividend on Wednesday, July 15th. Investors of record on Monday, July 27th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 17.7%. The ex-dividend date is Monday, July 27th.
Invesco Mortgage Capital has decreased its dividend by an average of 0.3%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance
Invesco Mortgage Capital stock opened at $8.14 on Thursday. The firm has a 50 day simple moving average of $7.94 and a 200-day simple moving average of $8.28. The stock has a market cap of $756.02 million, a price-to-earnings ratio of 11.01 and a beta of 1.59. Invesco Mortgage Capital has a 1-year low of $7.10 and a 1-year high of $9.50.
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.
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