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

Invesco Mortgage Capital Inc. (NYSE:IVRGet Free Report) declared a quarterly dividend on Tuesday, June 25th, Wall Street Journal reports. Stockholders of record on Friday, July 5th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, July 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.30%. The ex-dividend date is Friday, July 5th.

Invesco Mortgage Capital has decreased its dividend payment by an average of 23.4% annually over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco Mortgage Capital to earn $3.16 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 50.6%.

Invesco Mortgage Capital Trading Down 0.6 %

Shares of NYSE:IVR traded down $0.06 during mid-day trading on Tuesday, reaching $9.25. The company had a trading volume of 803,267 shares, compared to its average volume of 897,406. The company’s 50-day moving average price is $9.02 and its 200-day moving average price is $9.00. Invesco Mortgage Capital has a one year low of $6.34 and a one year high of $12.37. The firm has a market cap of $451.68 million, a price-to-earnings ratio of -13.29 and a beta of 1.90.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IVR shares. Janney Montgomery Scott started coverage on Invesco Mortgage Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $10.00 price target for the company. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and an average target price of $9.50.

Read Our Latest Report on IVR

About Invesco Mortgage Capital

(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.

Featured Stories

Dividend History for Invesco Mortgage Capital (NYSE:IVR)

Receive News & Ratings for Invesco Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.