Invesco Mortgage Capital Inc (NYSE:IVR) announced a quarterly dividend on Monday, June 17th, RTT News reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, July 26th. This represents a $1.80 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date is Thursday, June 27th.
Invesco Mortgage Capital has decreased its dividend by an average of 1.4% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Invesco Mortgage Capital has a payout ratio of 112.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of IVR stock opened at $16.48 on Tuesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 9.38 and a beta of 0.73. The business has a 50 day simple moving average of $16.06. Invesco Mortgage Capital has a fifty-two week low of $13.67 and a fifty-two week high of $16.66.
Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Invesco Mortgage Capital had a return on equity of 12.09% and a net margin of 1.81%. The firm had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $71.30 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year.
In related news, Director John Day sold 12,172 shares of Invesco Mortgage Capital stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.01, for a total transaction of $194,873.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David B. Lyle bought 7,232 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $16.04 per share, for a total transaction of $116,001.28. The disclosure for this purchase can be found here. Insiders acquired 8,364 shares of company stock valued at $134,465 in the last three months. Insiders own 0.26% of the company’s stock.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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