Invesco Mortgage Capital Inc. (IVR) to Issue Quarterly Dividend of $0.40 on October 25th

Invesco Mortgage Capital Inc. (NYSE:IVR) declared a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Investors of record on Monday, October 7th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, October 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.52%. The ex-dividend date is Monday, October 7th.

Invesco Mortgage Capital has decreased its dividend by an average of 23.4% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Invesco Mortgage Capital to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 60.8%.

Invesco Mortgage Capital Stock Up 1.3 %

IVR stock opened at $9.13 on Thursday. The firm has a market cap of $445.78 million, a PE ratio of -13.04 and a beta of 1.89. The business has a 50 day moving average of $8.87 and a 200-day moving average of $9.04. Invesco Mortgage Capital has a 12-month low of $6.34 and a 12-month high of $10.20.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Invesco Mortgage Capital had a negative net margin of 9.40% and a positive return on equity of 59.85%. The business had revenue of $68.03 million during the quarter, compared to the consensus estimate of $9.27 million. During the same quarter last year, the company posted $1.45 earnings per share. On average, research analysts expect that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IVR shares. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. StockNews.com raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Janney Montgomery Scott began coverage on shares of Invesco Mortgage Capital in a report on Thursday, June 6th. They set a “buy” rating and a $10.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Invesco Mortgage Capital has an average rating of “Hold” and an average price target of $9.00.

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.