Invesco Mortgage Capital Inc (NYSE:IVR) to Issue Monthly Dividend of $0.12

Invesco Mortgage Capital Inc (NYSE:IVR) declared a monthly dividend on Wednesday, October 14th. Investors of record on Monday, October 26th will be given a dividend of $0.12 per share by the real estate investment trust on Monday, November 16th. This represents a $1.44 annualized dividend and a yield of 25.9%. The ex-dividend date of this dividend is Monday, October 26th.

Invesco Mortgage Capital has decreased its dividend by an average of 0.3% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 69.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Invesco Mortgage Capital to earn $1.85 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 77.8%.

Invesco Mortgage Capital Price Performance

Shares of IVR opened at $5.56 on Thursday. Invesco Mortgage Capital has a 1-year low of $5.45 and a 1-year high of $9.50. The company has a 50-day moving average of $6.77 and a 200 day moving average of $7.54. The firm has a market capitalization of $598.91 million, a price-to-earnings ratio of 3.76 and a beta of 1.69.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. On average, equities analysts anticipate that Invesco Mortgage Capital will post 1.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter worth $69,562,000. State Street Corp boosted its position in Invesco Mortgage Capital by 31.6% during the second quarter. State Street Corp now owns 1,849,062 shares of the real estate investment trust’s stock valued at $14,803,000 after purchasing an additional 443,882 shares in the last quarter. Van ECK Associates Corp boosted its position in Invesco Mortgage Capital by 10.6% during the second quarter. Van ECK Associates Corp now owns 1,073,203 shares of the real estate investment trust’s stock valued at $8,478,000 after purchasing an additional 102,772 shares in the last quarter. Renaissance Technologies LLC grew its stake in Invesco Mortgage Capital by 42.4% in the first quarter. Renaissance Technologies LLC now owns 677,100 shares of the real estate investment trust’s stock valued at $5,471,000 after purchasing an additional 201,500 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco Mortgage Capital by 190.1% in the first quarter. Bank of America Corp DE now owns 410,787 shares of the real estate investment trust’s stock valued at $3,319,000 after purchasing an additional 269,195 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.