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

Invesco Mortgage Capital Inc. (NYSE:IVR) declared 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 annualized dividend 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 Stock Down 1.5 %

Shares of NYSE:IVR traded down $0.13 during midday trading on Tuesday, reaching $8.62. 2,548,846 shares of the company were exchanged, compared to its average volume of 1,415,073. The firm has a market cap of $532.11 million, a PE ratio of 13.26 and a beta of 1.93. Invesco Mortgage Capital has a fifty-two week low of $7.47 and a fifty-two week high of $9.97. The stock has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $8.49.

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 for the quarter, missing the consensus estimate of $0.74 by ($0.21). The business had revenue of $13.68 million for the quarter, compared to the consensus estimate of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. As a group, analysts forecast that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Separately, JMP Securities reiterated 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.