Invesco Mortgage Capital Inc (NYSE:IVR) Stock to Pay Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) announced a monthly dividend on Wednesday, October 14th. Investors of record on Monday, October 26th will be given a dividend of $0.12 per share by the real estate investment trust on Monday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 25.9%. The ex-dividend date of this dividend is Monday, October 26th.

Invesco Mortgage Capital has decreased its dividend by an average of 0.3% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco Mortgage Capital to earn $1.85 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 77.8%.

Invesco Mortgage Capital Stock Down 0.6%

Invesco Mortgage Capital stock opened at $5.56 on Thursday. The company has a market capitalization of $598.91 million, a P/E ratio of 2.56 and a beta of 1.69. The stock’s 50 day moving average is $6.77 and its 200 day moving average is $7.54. Invesco Mortgage Capital has a twelve month low of $5.45 and a twelve month high of $9.50.

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $30.10 million during the quarter, compared to analyst estimates of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. As a group, equities analysts expect that Invesco Mortgage Capital will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IVR shares. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Weiss Ratings lowered Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Finally, UBS Group set a $7.75 price target on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.38.

Get Our Latest Analysis on Invesco Mortgage Capital

Invesco Mortgage Capital Company Profile

(Get Free Report)

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.

Further Reading

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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