Invesco Mortgage Capital Inc. Announces Quarterly Dividend of $0.40 (NYSE:IVR)

Invesco Mortgage Capital Inc. (NYSE:IVR) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, January 24th. This represents a $1.60 annualized dividend and a yield of 19.39%.

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 58.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Invesco Mortgage Capital to earn $2.49 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 64.3%.

Invesco Mortgage Capital Stock Up 0.9 %

Invesco Mortgage Capital stock opened at $8.25 on Friday. Invesco Mortgage Capital has a 52-week low of $7.60 and a 52-week high of $9.97. The company has a market cap of $501.02 million, a price-to-earnings ratio of 6.88 and a beta of 1.89. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $8.79.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. During the same period in the prior year, the firm posted $1.51 EPS. On average, equities research analysts anticipate that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IVR has been the topic of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research note on Wednesday, August 28th. StockNews.com upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

About Invesco Mortgage Capital

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.