Invesco Mortgage Capital Inc. to Issue Quarterly Dividend of $0.40 (NYSE:IVR)

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, January 24th. This represents a $1.60 dividend on an annualized basis and a yield of 19.12%. The ex-dividend date is Monday, December 30th.

Invesco Mortgage Capital has decreased its dividend by an average of 23.4% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco Mortgage Capital to earn $2.49 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 64.3%.

Invesco Mortgage Capital Trading Up 1.5 %

Invesco Mortgage Capital stock opened at $8.37 on Friday. Invesco Mortgage Capital has a 1-year low of $7.60 and a 1-year high of $9.97. The firm has a market cap of $508.31 million, a P/E ratio of 6.98 and a beta of 1.89. The firm has a 50-day moving average of $8.36 and a 200-day moving average of $8.78.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $73.83 million during the quarter, compared to the consensus estimate of $12.38 million. Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. During the same quarter in the prior year, the business posted $1.51 earnings per share. Research analysts forecast that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

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.