Invesco Mortgage Capital Inc. (NYSE:IVR - Get Free Report) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, January 24th. This represents a $1.60 dividend on an annualized basis and a yield of 19.39%.
Invesco Mortgage Capital has decreased its dividend by an average of 23.4% annually 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 %
Shares of NYSE IVR traded up $0.07 during midday trading on Thursday, hitting $8.25. The company's stock had a trading volume of 1,603,519 shares, compared to its average volume of 1,085,329. The stock has a fifty day moving average price of $8.37 and a 200 day moving average price of $8.80. The firm has a market capitalization of $501.02 million, a price-to-earnings ratio of 6.88 and a beta of 1.89. Invesco Mortgage Capital has a one year low of $7.60 and a one year high of $9.97.
Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $73.83 million for the quarter, compared to analysts' expectations 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 prior year, the firm posted $1.51 EPS. On average, equities research analysts predict that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
IVR has been the subject of several analyst reports. StockNews.com upgraded shares of Invesco Mortgage Capital from a "sell" rating to a "hold" rating in a research report on Monday, October 7th. JMP Securities reaffirmed a "market perform" rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.
Read Our Latest Stock Report on Invesco Mortgage Capital
Invesco Mortgage Capital Company Profile
(
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.
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