Invesco Mortgage Capital Inc. (NYSE:IVR) Plans $0.40 Quarterly Dividend

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Monday, October 7th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, October 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.52%. The ex-dividend date of this dividend is Monday, October 7th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 23.4% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco Mortgage Capital to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 60.8%.

Invesco Mortgage Capital Stock Up 1.3 %

IVR opened at $9.13 on Thursday. The business’s fifty day simple moving average is $8.87 and its 200 day simple moving average is $9.04. Invesco Mortgage Capital has a 52 week low of $6.34 and a 52 week high of $10.20. The stock has a market cap of $445.78 million, a PE ratio of -13.04 and a beta of 1.89.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The company had revenue of $68.03 million for the quarter, compared to analysts’ expectations of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same period last year, the firm posted $1.45 EPS. As a group, equities analysts anticipate that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott started coverage on Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $10.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and an average target price of $9.00.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.