Invesco Mortgage Capital Inc (NYSE:IVR) Declares Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Wednesday, July 15th. Stockholders of record on Monday, July 27th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 17.7%. The ex-dividend date 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 dividend payout ratio of 69.2% indicating that 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 Price Performance

Shares of NYSE IVR opened at $8.14 on Thursday. The stock has a market capitalization of $756.02 million, a price-to-earnings ratio of 11.01 and a beta of 1.59. The business has a 50-day moving average of $7.94 and a 200-day moving average of $8.28. Invesco Mortgage Capital has a fifty-two week low of $7.10 and a fifty-two week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $39.80 million. On average, sell-side analysts expect that Invesco Mortgage Capital will post 2.01 EPS for the current year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Invesco Mortgage Capital by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,727,534 shares of the real estate investment trust’s stock worth $28,180,000 after buying an additional 50,548 shares during the period. Invesco Ltd. raised its holdings in Invesco Mortgage Capital by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,555,890 shares of the real estate investment trust’s stock valued at $21,495,000 after acquiring an additional 199,259 shares during the period. Geode Capital Management LLC raised its holdings in Invesco Mortgage Capital by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,708,181 shares of the real estate investment trust’s stock valued at $14,369,000 after acquiring an additional 101,303 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Invesco Mortgage Capital by 7.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,544,194 shares of the real estate investment trust’s stock worth $11,674,000 after acquiring an additional 113,608 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Invesco Mortgage Capital by 1,607.0% during the third quarter. Millennium Management LLC now owns 1,523,395 shares of the real estate investment trust’s stock worth $11,517,000 after acquiring an additional 1,434,149 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

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.