Invesco Mortgage Capital Inc (NYSE:IVR) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Tuesday, December 26th will be paid a dividend of 0.42 per share by the real estate investment trust on Friday, January 26th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date is Friday, December 22nd. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.41.

Invesco Mortgage Capital has decreased its dividend by an average of 13.2% per year over the last three years. Invesco Mortgage Capital has a payout ratio of 102.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of Invesco Mortgage Capital (IVR) remained flat at $$18.35 during trading hours on Friday. The stock had a trading volume of 1,304,800 shares, compared to its average volume of 1,007,588. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.01 and a current ratio of 0.01. The stock has a market capitalization of $2,048.17, a price-to-earnings ratio of 11.40 and a beta of 0.86. Invesco Mortgage Capital has a fifty-two week low of $14.15 and a fifty-two week high of $18.49.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $68.85 million. Invesco Mortgage Capital had a return on equity of 9.06% and a net margin of 66.86%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.25 target price on shares of Invesco Mortgage Capital in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.13.

In other news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $16.97 per share, with a total value of $33,940.00. Following the transaction, the executive vice president now directly owns 17,268 shares in the company, valued at approximately $293,037.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

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About Invesco Mortgage Capital

Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

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