Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) declared a monthly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 18.0%. The ex-dividend date is Tuesday, June 23rd.
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% 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 Stock Performance
IVR stock opened at $8.00 on Friday. The firm has a fifty day moving average price of $8.08 and a 200 day moving average price of $8.33. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50. The firm has a market cap of $742.10 million, a PE ratio of 10.80 and a beta of 1.61.
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.
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