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

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 paid a dividend of 0.34 per share by the real estate investment trust on Friday, April 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.68%. The ex-dividend date is Monday, April 7th.

Invesco Mortgage Capital has a dividend payout ratio of 67.2% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

IVR opened at $8.16 on Thursday. The business has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $8.49. Invesco Mortgage Capital has a 1 year low of $7.48 and a 1 year high of $9.97. The company has a market capitalization of $503.41 million, a PE ratio of 12.55 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). Invesco Mortgage Capital had a net margin of 20.90% and a return on equity of 34.61%. The business had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. Equities analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a report 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.