Invesco Mortgage Capital Inc. (NYSE:IVR – Get Free Report) declared a quarterly dividend on Tuesday, March 26th, investing.com reports. Investors of record on Monday, April 8th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, April 26th. This represents a $1.60 annualized dividend and a yield of 16.61%. The ex-dividend date of this dividend is Friday, April 5th.
Invesco Mortgage Capital has decreased its dividend by an average of 26.6% per year over the last three years. Invesco Mortgage Capital has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings.
Invesco Mortgage Capital Stock Performance
Shares of NYSE:IVR traded up $0.09 during midday trading on Thursday, reaching $9.63. The company had a trading volume of 208,525 shares, compared to its average volume of 894,054. Invesco Mortgage Capital has a 1-year low of $6.34 and a 1-year high of $12.37. The firm has a market cap of $468.69 million, a price-to-earnings ratio of -11.93 and a beta of 1.88. The company has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $8.76.
Institutional Investors Weigh In On Invesco Mortgage Capital
Analysts Set New Price Targets
Separately, UBS Group began coverage on Invesco Mortgage Capital in a research report on Wednesday, December 6th. They set a “neutral” rating and a $8.00 price objective for the company. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.83.
View Our Latest Research Report on IVR
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.
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