Invesco Mortgage Capital Inc. (NYSE:IVR) to Issue Quarterly Dividend of $0.40

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, January 24th. This represents a $1.60 annualized dividend and a dividend yield of 19.39%.

Invesco Mortgage Capital has decreased its dividend payment by an average of 23.4% per year over the last three years. Invesco Mortgage Capital has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco Mortgage Capital to earn $2.49 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 64.3%.

Invesco Mortgage Capital Trading Up 0.9 %

NYSE IVR traded up $0.07 during trading hours on Thursday, hitting $8.25. 1,603,519 shares of the company’s stock traded hands, compared to its average volume of 1,085,329. Invesco Mortgage Capital has a 52 week low of $7.60 and a 52 week high of $9.97. The firm has a market capitalization of $501.02 million, a P/E ratio of 6.88 and a beta of 1.89. The business’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.80.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same period in the previous year, the firm earned $1.51 EPS. On average, sell-side analysts expect that Invesco Mortgage Capital will post 3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IVR has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

About Invesco Mortgage Capital

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.