Invesco Mortgage Capital Inc. (IVR) to Issue Quarterly Dividend of $0.34 on April 25th

Invesco Mortgage Capital Inc. (NYSE:IVRGet Free Report) declared a quarterly dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Monday, April 7th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, April 25th. This represents a $1.36 annualized dividend and a yield of 18.64%. The ex-dividend date is Monday, April 7th.

Invesco Mortgage Capital has a payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Trading Down 7.4 %

Shares of Invesco Mortgage Capital stock opened at $7.30 on Friday. The company has a 50 day moving average of $8.51 and a 200-day moving average of $8.44. The company has a market cap of $476.17 million, a PE ratio of 11.22 and a beta of 1.93. Invesco Mortgage Capital has a 1-year low of $7.14 and a 1-year high of $9.97.

Invesco Mortgage Capital (NYSE:IVRGet Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share 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 analyst estimates of $50.18 million. Research analysts forecast that Invesco Mortgage Capital will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Thursday, January 23rd.

Read Our Latest Research Report on IVR

Invesco Mortgage Capital Company Profile

(Get Free Report)

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.

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Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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