Invesco Mortgage Decreases Dividend

Residential and commercial mortgage-backed securities REIT Invesco Mortgage Capital (NYSE: IVR  ) announced today its third-quarter dividend of $0.50 per share. This is down 23% from its previous quarterly payout of $0.65 per share.

The board of directors said the quarterly dividend is payable on Oct. 28 to holders of record at the close of business on Sept. 26. The regular dividend payment equates to a $2.00-per-share annual dividend, yielding 12.5% based on the closing price today of Invesco Mortgage Capital stock.

Editor's note: A previous version of this article contained incorrect information on IVR's dividend history. It also contained a chart that did not show the most up-to-date dividend announcement. 

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  • Report this Comment On September 16, 2013, at 11:19 PM, ack67 wrote:

    what happened to the .65 per share of the last three qtrs.?

  • Report this Comment On September 17, 2013, at 12:32 AM, MocapitanJohn wrote:

    You tout yourselves such experts yet your data is faulty! For several quarters now the dividend has been .65, not.50! Mistakes, like this, that you have made in the past have cost me thousands! Now, because of the 20% plus drop in dividends the stock is, again, dropping! If you would have given the proper information I might have been able to reposition myself, but now that I have the correct information it's too late!

  • Report this Comment On September 17, 2013, at 12:36 AM, MocapitanJohn wrote:

    Cont.;So you are truly a Fool! Living up to your name !

  • Report this Comment On September 17, 2013, at 12:45 AM, MocapitanJohn wrote:

    Cont.; And of course that makes me a truly Foolish reader as well!

  • Report this Comment On September 17, 2013, at 1:26 PM, TMFKris wrote:

    @ack67 and MocapitanJohn: We have corrected the dividend-history error.

  • Report this Comment On December 20, 2013, at 1:28 PM, GerardT56 wrote:

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    http://www.timesharescam.com/blog/167-cancel-timeshare-mortg...

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