dividend
confidence high
sentiment neutral
materiality 0.40
IVR declares Q1 dividend of $0.40/share; prelim net income $0.99-$1.01 per share
Invesco Mortgage Capital Inc.
- Common dividend $0.40 per share payable April 27, 2023; record date April 10, ex-div April 6.
- Preliminary net income per share (basic) for two months ended Feb 28, 2023: $0.99 to $1.01.
- Non-GAAP earnings available for distribution also $0.99 to $1.01 per share.
- CEO states dividend reduction retains capital and allows investment in Agency RMBS at attractive valuations.