Invesco Mort - IVR STOCK NEWS

Invesco Mortgage Capital (NYSE: IVR) has declared a quarterly cash dividend of $0.34 per share for Q1 2025. The dividend will be paid on April 25, 2025, to stockholders of record as of April 7, 2025, with an ex-dividend date of April 7, 2025.

CEO John Anzalone stated that despite market volatility, the company has reduced its dividend to maintain sustainability and competitiveness while preserving book value and improving capital structure. He emphasized that their diversified portfolio of agency residential and commercial mortgage-backed securities continues to provide robust earnings potential while effectively managing market risk.

Invesco Mortgage Capital (NYSE: IVR) reported Q4 2024 financial results, showing a net loss of $0.09 per common share compared to Q3 2024's net income of $0.63. Earnings available for distribution decreased to $0.53 per share from $0.68 in Q3. The company maintained its quarterly dividend at $0.40 per share.

Book value per common share declined 4.8% to $8.92 from $9.37, resulting in a negative economic return of 0.5%. The company improved its capital structure by redeeming Series B Preferred Stock, funding it with lower-cost repurchase agreements. This increased the debt-to-equity ratio to 6.7x from 6.1x.

The investment portfolio of $5.4 billion consists of 85% Agency RMBS and 15% Agency CMBS. The company maintains $389 million in unrestricted cash and unencumbered investments. During Q4, IVR sold 993,837 shares of common stock for $8.3 million through its at-the-market program and repurchased 70,864 shares of Series C Preferred Stock for $1.7 million.

Invesco Mortgage Capital Inc. (NYSE: IVR) has scheduled its fourth quarter 2024 earnings announcement for Thursday, February 20, 2025, after market close. The company will host a conference call and audio webcast to discuss the results on Friday, February 21, 2025, at 9:00 a.m. ET.

Key executives participating in the call include CEO John Anzalone, CIO Brian Norris, President Kevin Collins, COO David Lyle, and CFO Mark Gregson. A presentation will be available on the company's website before the call. The company has provided toll-free and international dial-in numbers for participants, and an audio replay will be accessible until March 7, 2025.

Invesco Mortgage Capital (NYSE: IVR) has announced a quarterly cash dividend of $0.40 per share for the fourth quarter of 2024. The dividend will be distributed on January 24, 2025 to shareholders recorded as of December 30, 2024. The ex-dividend date is set for December 30, 2024.

Invesco Mortgage Capital (NYSE: IVR) reported Q3 2024 financial results with net income per share of $0.63, compared to a loss of $0.38 in Q2. Book value per share increased to $9.37 from $9.27, delivering a 5.4% economic return. The company maintained its $0.40 quarterly dividend. The $5.9 billion investment portfolio primarily consisted of $5.2 billion Agency RMBS and $0.7 billion Agency CMBS. Earnings available for distribution decreased to $0.68 per share from $0.86, reflecting reduced effective net interest income. The debt-to-equity ratio increased to 6.1x from 5.6x quarter-over-quarter. The company announced plans to redeem Series B Preferred shares to optimize capital structure.

Invesco Mortgage Capital (NYSE: IVR) has announced plans to redeem all 4,247,989 outstanding shares of its 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock on December 27, 2024. The redemption will occur at a cash price of $25.00 per share, plus any accrued and unpaid dividends up to the redemption date. Following the redemption, all rights associated with the Series B Preferred Stock will terminate, except for receiving the redemption price. The shares, currently listed as 'IVR PrB' on NYSE, are held in book-entry form through DTC, with Computershare Trust Company serving as the redemption agent.

Invesco Mortgage Capital (NYSE: IVR) has scheduled its third quarter 2024 earnings announcement for Tuesday, November 5, 2024, after market close. The company will host a conference call and audio webcast on Wednesday, November 6, 2024, at 9:00 a.m. ET to discuss the results. Key executives, including CEO John Anzalone, Interim CFO Mark Gregson, and other senior leadership, will participate in the call. A presentation will be available on the company's website before the call.

Invesco Mortgage Capital Inc. (NYSE: IVR) has announced a quarterly cash dividend for the third quarter of 2024. The company's Board of Directors has declared a dividend of $0.40 per share of common stock. This dividend will be paid on October 25, 2024 to stockholders of record at the close of business on October 7, 2024. The ex-dividend date is also set for October 7, 2024.

Invesco Mortgage Capital Inc. (NYSE: IVR) reported its Q2 2024 financial results, revealing a net loss per common share of $0.38 compared to a net income of $0.49 in Q1 2024. The company maintained its earnings available for distribution per common share at $0.86 and its common stock dividend at $0.40 per share. However, the book value per common share decreased to $9.27 from $10.08 in the previous quarter, resulting in an economic return of -4.1%.

The company's investment portfolio totaled $5.0 billion, primarily consisting of Agency RMBS and CMBS. The debt-to-equity ratio remained stable at 5.6x, while the economic debt-to-equity ratio increased to 5.9x. Despite challenging market conditions, IVR maintained a strong liquidity position with $446 million in unrestricted cash and unencumbered investments.