Invesco Mortgage Capital Inc (IVR) to Issue Monthly Dividend of $0.12 on August 14th

Invesco Mortgage Capital Inc (NYSE:IVR) announced a monthly dividend on Wednesday, July 15th. Stockholders of record on Monday, July 27th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 19.0%. The ex-dividend date of this dividend is Monday, July 27th.

Invesco Mortgage Capital has decreased its dividend by an average of 0.3%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco Mortgage Capital to earn $1.97 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 73.1%.

Invesco Mortgage Capital Trading Down 0.7%

NYSE:IVR opened at $7.58 on Friday. The business’s 50-day moving average is $7.91 and its 200 day moving average is $8.25. Invesco Mortgage Capital has a 12 month low of $7.10 and a 12 month high of $9.50. The company has a market capitalization of $704.04 million, a P/E ratio of 10.25 and a beta of 1.59.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. Invesco Mortgage Capital had a return on equity of 28.12% and a net margin of 20.50%.The business had revenue of ($15.01) million during the quarter, compared to analysts’ expectations of $39.80 million. On average, research analysts forecast that Invesco Mortgage Capital will post 2.01 earnings per share for the current year.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Invesco Mortgage Capital by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust’s stock valued at $1,467,000 after purchasing an additional 1,476 shares during the last quarter. ProShare Advisors LLC lifted its position in Invesco Mortgage Capital by 14.3% in the fourth quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,644 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in Invesco Mortgage Capital by 7.4% during the second quarter. 180 Wealth Advisors LLC now owns 24,597 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,690 shares during the period. Range Financial Group LLC boosted its stake in Invesco Mortgage Capital by 6.8% during the fourth quarter. Range Financial Group LLC now owns 28,083 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 1,786 shares during the period. Finally, Intech Investment Management LLC increased its position in Invesco Mortgage Capital by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 1,983 shares during the last quarter. 40.54% of the stock is owned by institutional investors.

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.