Invesco Mortgage Capital Inc (IVR) To Go Ex-Dividend on May 26th

Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) declared a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, May 26th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date of this dividend is Tuesday, May 26th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3%per year over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco Mortgage Capital to earn $2.26 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 63.7%.

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Invesco Mortgage Capital Stock Performance

IVR stock opened at $7.88 on Friday. The firm has a fifty day moving average price of $8.11 and a 200 day moving average price of $8.31. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50. The firm has a market cap of $730.96 million, a PE ratio of 10.64 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. The firm had revenue of ($15.01) million during the quarter, compared to analyst estimates of $39.80 million. On average, equities analysts predict that Invesco Mortgage Capital will post 2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research lowered shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and a consensus target price of $8.25.

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Invesco Mortgage Capital Company Profile

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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.

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