Invesco Mortgage Capital Inc (NYSE:IVR) announced a quarterly dividend on Friday, September 14th, RTT News reports. Shareholders of record on Tuesday, September 25th will be paid a dividend of 0.42 per share by the real estate investment trust on Friday, October 26th. This represents a $1.68 annualized dividend and a yield of 10.29%. The ex-dividend date is Monday, September 24th.
Invesco Mortgage Capital has decreased its dividend by an average of 7.0% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 105.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of IVR stock opened at $16.32 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.01 and a quick ratio of 0.01. Invesco Mortgage Capital has a 12-month low of $15.15 and a 12-month high of $18.86. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 9.22 and a beta of 0.58.
Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). Invesco Mortgage Capital had a return on equity of 10.89% and a net margin of 52.70%. The firm had revenue of $103.90 million for the quarter.
Separately, Keefe, Bruyette & Woods lowered Invesco Mortgage Capital from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research note on Thursday, August 9th.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by the U.S. government agency or a federally chartered corporation; RMBS that are not issued or guaranteed by the U.S.
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