Invesco Mortgage Capital Inc. (NYSE:IVR) Plans Quarterly Dividend of $0.34

Invesco Mortgage Capital Inc. (NYSE:IVR) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Investors of record on Monday, April 7th will be paid a dividend of 0.34 per share by the real estate investment trust on Friday, April 25th. This represents a $1.36 annualized dividend and a dividend yield of 18.64%. The ex-dividend date of this dividend is Monday, April 7th.

Invesco Mortgage Capital has a payout ratio of 58.1% meaning its dividend is sufficiently covered by earnings.

Invesco Mortgage Capital Price Performance

Invesco Mortgage Capital stock opened at $7.30 on Friday. The stock’s 50 day moving average is $8.51 and its 200 day moving average is $8.44. Invesco Mortgage Capital has a one year low of $7.14 and a one year high of $9.97. The firm has a market cap of $476.17 million, a P/E ratio of 11.22 and a beta of 1.93.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. The business had revenue of $13.68 million for the quarter, compared to analyst estimates of $50.18 million. Equities analysts anticipate that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

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.