Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on October 15th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Tuesday, September 15th. Shareholders of record on Monday, September 28th will be given a dividend of $0.12 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.44 annualized dividend and a yield of 22.4%. The ex-dividend date of this dividend is Monday, September 28th.

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 $1.85 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 77.8%.

Invesco Mortgage Capital Trading Up 0.5%

Shares of NYSE IVR opened at $6.42 on Friday. Invesco Mortgage Capital has a 1-year low of $6.35 and a 1-year high of $9.50. The company has a 50-day moving average of $7.23 and a two-hundred day moving average of $7.75. The company has a market cap of $690.51 million, a PE ratio of 4.33 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $46.48 million. As a group, equities research analysts forecast that Invesco Mortgage Capital will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on IVR. Zacks Research cut Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. UBS Group set a $7.75 price target on Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings lowered Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Invesco Mortgage Capital has a consensus rating of “Hold” and a consensus target price of $8.38.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.

The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.