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

by · The Markets Daily

Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) announced a quarterly dividend on Thursday, December 18th. Shareholders 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) annualized dividend 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%per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

IVR opened at $8.43 on Friday. The firm has a fifty day moving average price of $7.75 and a 200 day moving average price of $7.68. Invesco Mortgage Capital has a 1 year low of $5.86 and a 1 year high of $9.06. The stock has a market cap of $598.11 million, a P/E ratio of 16.53 and a beta of 1.71.

Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. Equities analysts expect that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Invesco Mortgage Capital by 59.4% in 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 acquiring an additional 2,757 shares during the last quarter. Vanguard Group Inc. raised its position in Invesco Mortgage Capital by 7.5% in the first quarter. Vanguard Group Inc. now owns 3,433,563 shares of the real estate investment trust’s stock valued at $27,091,000 after purchasing an additional 239,579 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Invesco Mortgage Capital by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 505,059 shares of the real estate investment trust’s stock valued at $3,985,000 after purchasing an additional 31,382 shares during the last quarter. Swiss National Bank lifted its stake in shares of Invesco Mortgage Capital by 9.2% in the 1st quarter. Swiss National Bank now owns 117,701 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Invesco Mortgage Capital by 1.6% during the 1st quarter. Invesco Ltd. now owns 2,363,174 shares of the real estate investment trust’s stock worth $18,645,000 after purchasing an additional 38,354 shares during the period. Institutional investors and hedge funds own 40.54% of the company’s stock.

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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