Invesco Mortgage Capital Declares Quarterly Dividend Increase
Invesco Mortgage Capital Declares Quarterly Cash Dividend
Invesco Mortgage Capital Inc. (NYSE: IVR) recently announced its Board of Directors' decision to declare a cash dividend of $0.34 per share of common stock for the first quarter. This quarterly dividend highlights the company’s continued commitment to its shareholders despite the fluctuations in market conditions. It is set to be distributed on April 25 to all stockholders who are on record as of April 7, with an ex-dividend date also set for April 7.
CEO Comments on Dividend Strategy
In a statement, CEO John Anzalone emphasized that the current environment for agency mortgage-backed securities remains advantageous. He noted, "Despite recent market volatility, we have reduced our common stock dividend to maintain a competitive rate while ensuring sustainability aligned with the long-term levered returns on our portfolio. The adjustment allows us to uphold book value and enhance our capital structure effectively."
Company Overview
Invesco Mortgage Capital Inc. functions as a real estate investment trust, with a significant focus on investing, financing, and managing mortgage-backed securities along with other mortgage-related assets. It operates with external management and advisory from Invesco Advisers, Inc., which belongs to Invesco Ltd. (NYSE: IVZ) — a globally recognized, independent investment management firm.
Investment Strategies and Portfolio Diversification
The diversity of Invesco's portfolio primarily encompasses agency residential and commercial mortgage-backed securities. This diversification plays a crucial role in mitigating market risks while enhancing the earning potential for investors. Both agency RMBS (Residential Mortgage-Backed Securities) and agency CMBS (Commercial Mortgage-Backed Securities) form the cornerstone of the firm’s investment strategy, contributing to robust earnings power even during volatile market phases. The company remains committed to creating value for its shareholders through smart investments.
Looking Ahead: Financial Outlook
With the rapidly evolving market, Invesco Mortgage Capital is focused on navigating potential impacts on its investment landscape. While uncertainties surrounding the market persist, the management remains optimistic about maintaining dividends and stabilizing its capital structure. These strategies are crucial for building long-term value and addressing the ever-changing dynamics in the real estate investment sector.
Investor Relations and Contact Information
For any inquiries, investors can reach out to Greg Seals at 404-439-3323, ensuring that stakeholders have access to vital information and support regarding their investments.
Frequently Asked Questions
What is the declared dividend per share for Invesco Mortgage Capital?
The declared dividend per share for Invesco Mortgage Capital Inc. is $0.34 for the first quarter.
When will the dividend be paid?
The dividend will be paid on April 25 to stockholders of record as of April 7.
Who is the CEO of Invesco Mortgage Capital Inc.?
The CEO of Invesco Mortgage Capital Inc. is John Anzalone.
What type of assets does Invesco Mortgage Capital prioritize?
Invesco Mortgage Capital prioritizes investing in mortgage-backed securities and other mortgage-related assets.
How can investors contact Invesco's investor relations?
Investors can contact Invesco's investor relations through Greg Seals at 404-439-3323.
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