Invesco Mortgage Capital Inc. (IVR) To Go Ex-Dividend on October 7th

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, October 25th. This represents a $1.60 dividend on an annualized basis and a yield of 17.68%. The ex-dividend date of this dividend is Monday, October 7th.

Invesco Mortgage Capital has decreased its dividend by an average of 23.4% per year over the last three years. Invesco Mortgage Capital has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco Mortgage Capital to earn $2.63 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 60.8%.

Invesco Mortgage Capital Stock Performance

NYSE:IVR opened at $9.05 on Friday. The firm’s 50-day moving average is $8.86 and its 200-day moving average is $9.04. The company has a market cap of $441.88 million, a price-to-earnings ratio of -12.93 and a beta of 1.90. Invesco Mortgage Capital has a 52-week low of $6.34 and a 52-week high of $9.97.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. The firm had revenue of $68.03 million for the quarter, compared to analyst estimates of $9.27 million. During the same period in the previous year, the company posted $1.45 earnings per share. Equities analysts predict that Invesco Mortgage Capital will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Invesco Mortgage Capital Company Profile

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.