Invesco Mortgage Capital Inc (NYSE:IVR) Shares Set to Pay Monthly Dividend of $0.12

Key Points

• Invesco Mortgage Capital declared a monthly dividend of $0.12 per share, payable November 16 to shareholders of record October 26. The annualized dividend is $1.44, representing a yield of approximately 25.9%.
• The dividend appears covered by earnings, with a current payout ratio of 69.2% and an expected future payout ratio of 77.8%, although the company has reduced its dividend by an average of 0.3% annually over the past three years.
• IVR shares opened at $5.56 and remain near their 52-week low of $5.45. Analysts have a consensus “Hold” rating and an average price target of $8.38.

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

Invesco Mortgage Capital has decreased its dividend payment by an average of 0.3% per year over the last three years. Invesco Mortgage Capital has a payout ratio of 69.2% indicating that 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 Stock Down 0.6%

IVR opened at $5.56 on Thursday. The business's fifty day simple moving average is $6.77 and its 200 day simple moving average is $7.54. Invesco Mortgage Capital has a 52 week low of $5.45 and a 52 week high of $9.50. The stock has a market cap of $598.91 million, a PE ratio of 2.56 and a beta of 1.69.

Invesco Mortgage Capital (NYSE:IVR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $30.10 million for the quarter, compared to the consensus estimate of $46.48 million. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. As a group, equities analysts anticipate that Invesco Mortgage Capital will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Invesco Mortgage Capital from a "strong sell" rating to a "hold" rating in a report on Thursday, October 8th. Weiss Ratings lowered shares of Invesco Mortgage Capital from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, September 22nd. Wall Street Zen lowered shares of Invesco Mortgage Capital from a "hold" rating to a "sell" rating in a report on Saturday, September 26th. Finally, UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a "neutral" rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.38.

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.

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