Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on April 14th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Friday, March 13th. Investors of record on Tuesday, March 24th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 18.9%. The ex-dividend date is Tuesday, March 24th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%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 Performance

Shares of Invesco Mortgage Capital stock opened at $7.64 on Friday. Invesco Mortgage Capital has a one year low of $5.86 and a one year high of $9.50. The company has a market cap of $635.85 million, a price-to-earnings ratio of 5.97 and a beta of 1.76. The business’s 50 day moving average price is $8.65 and its 200 day moving average price is $8.13.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The company had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $47.99 million. On average, analysts predict that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

IVR has been the topic of several recent research reports. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Compass Point started coverage on shares of Invesco Mortgage Capital in a report on Monday, December 15th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Invesco Mortgage Capital currently has an average rating of “Hold” and an average target price of $8.25.

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.