Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on February 13th

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Thursday, January 15th. Shareholders of record on Monday, January 26th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date is Monday, January 26th.

Invesco Mortgage Capital has decreased its dividend by an average of 0.4%per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Up 1.3%

NYSE:IVR opened at $9.42 on Friday. The company has a market capitalization of $668.31 million, a P/E ratio of 18.47 and a beta of 1.71. Invesco Mortgage Capital has a 12 month low of $5.86 and a 12 month high of $9.50. The firm has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $7.83.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of ($22.71) million during the quarter, compared to analyst estimates of $45.40 million. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%. Equities analysts forecast that Invesco Mortgage Capital will post 2.49 EPS for the current year.

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.