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

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 17.8%. The ex-dividend date is Tuesday, May 26th.

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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco Mortgage Capital to earn $2.26 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 63.7%.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.09 on Friday. Invesco Mortgage Capital has a one year low of $7.10 and a one year high of $9.50. The firm’s 50 day simple moving average is $8.15 and its two-hundred day simple moving average is $8.29. The stock has a market capitalization of $750.91 million, a P/E ratio of 10.93 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 28.12%. The business had revenue of ($15.01) million for the quarter, compared to analysts’ expectations of $39.80 million. As a group, equities analysts expect that Invesco Mortgage Capital will post 2.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IVR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Invesco Mortgage Capital in a research report on Friday, May 1st. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.