Invesco Mortgage Capital Inc. (NYSE:IVR) Announces $0.34 Quarterly Dividend

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Stockholders of record on Monday, April 7th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, April 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.78%.

Invesco Mortgage Capital has a dividend payout ratio of 67.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Down 1.5 %

NYSE IVR traded down $0.13 during trading on Tuesday, reaching $8.62. The company’s stock had a trading volume of 2,548,846 shares, compared to its average volume of 1,415,073. The firm has a 50 day moving average price of $8.52 and a 200 day moving average price of $8.49. Invesco Mortgage Capital has a 12 month low of $7.47 and a 12 month high of $9.97. The firm has a market capitalization of $532.11 million, a price-to-earnings ratio of 13.26 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.21). The company had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. On average, equities analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Invesco Mortgage Capital Company Profile

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.