Invesco Mortgage Capital Inc (NYSE:IVR) Announces Quarterly Dividend of $0.36

Invesco Mortgage Capital Inc (NYSE:IVR) declared a quarterly dividend on Thursday, December 18th. Investors of record on Monday, December 29th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 17.1%. The ex-dividend date of this dividend is Monday, December 29th. This is a 5.9% increase from Invesco Mortgage Capital’s previous quarterly dividend of $0.34.

Invesco Mortgage Capital has decreased its dividend by an average of 0.4%annually over the last three years. Invesco Mortgage Capital has a payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

Shares of NYSE IVR opened at $8.43 on Friday. The firm has a market cap of $598.11 million, a PE ratio of 16.53 and a beta of 1.71. The company has a 50 day simple moving average of $7.75 and a 200 day simple moving average of $7.68. Invesco Mortgage Capital has a 1 year low of $5.86 and a 1 year high of $9.06.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Invesco Mortgage Capital had a return on equity of 29.47% and a net margin of 18.16%.The company had revenue of ($22.71) million during the quarter, compared to the consensus estimate of $45.40 million. As a group, research analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Institutional Trading of Invesco Mortgage Capital

Several large investors have recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in shares of Invesco Mortgage Capital by 103.9% in the 2nd quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,400 shares in the last quarter. Comerica Bank lifted its holdings in shares of Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 4,839 shares during the period. BNP Paribas Financial Markets boosted its position in Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,548 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco Mortgage Capital by 59.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,395 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 2,757 shares during the last quarter. Finally, CWM LLC raised its holdings in Invesco Mortgage Capital by 698.7% in the 3rd quarter. CWM LLC now owns 7,516 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 6,575 shares during the period. 40.54% of the stock is owned by institutional investors.

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.