Welcome to our dedicated page for Invesco Mort news (Ticker: IVR), a resource for investors and traders seeking the latest updates and insights on Invesco Mort stock.
Invesco Mortgage Capital Inc. reports developments for a mortgage REIT that invests in, finances and manages mortgage-backed securities and other mortgage-related assets. Company updates commonly cover quarterly earnings, earnings available for distribution, book value, economic return, common stock dividends and leverage measures tied to its Agency RMBS, Agency CMBS and TBA positions.
Recurring news also includes portfolio characteristics, liquidity, repurchase agreement financing, interest-rate and mortgage-spread commentary, and governance changes at the externally managed REIT. The company is managed and advised by Invesco Advisers, Inc., an indirect wholly owned subsidiary of Invesco Ltd.
Invesco Mortgage Capital Inc. (NYSE: IVR) declared a quarterly cash dividend of $0.4844 per share on its 7.75% Series A Cumulative Redeemable Preferred Stock. This dividend will be paid on October 26, 2020 to stockholders of record by October 1, 2020, with the ex-dividend date set for September 30, 2020. Additionally, the Board intends to meet on September 30, 2020 to declare a dividend for common stock in the third quarter of 2020.
Invesco Mortgage Capital reported a net loss of $299.9 million for Q2 2020, a significant improvement from a loss of $1.6 billion in Q1. Total net interest income decreased to $29.7 million, down from $101 million. The company's average earning assets plummeted to $1.9 billion from $17.8 billion, while borrowings reduced to $982 million from $16.5 billion. Book value per share fell to $3.17, down from $5.02. Despite challenges, liquidity was bolstered, and credit exposure was strategically reduced, aiming for stability in the Agency RMBS market.
Invesco Mortgage Capital Inc. (NYSE: IVR) will release its second quarter 2020 results after market close on August 6, 2020. A conference call to discuss these results will occur on August 7, 2020, at 9:00 a.m. ET. Key executives including John Anzalone (CEO) and Lee Phegley (CFO) will speak during the call. A presentation will be available on their website prior to the call. Investors can participate via a dedicated toll-free line and an audio replay will be accessible until August 21, 2020.