Invesco Mortgage Sets Preferred Dividend

Mortgage-backed securities REIT Invesco Mortgage Capitalannounced yesterday its second-quarter dividend on its 7.75% Series A preferred tock of $0.4844 per share, the same rate it's paid for the past two quarters after raising the payout 1% from $0.4790 per share.

The board of directors said the quarterly preferred dividend is payable on July 25 to the holders of record at the close of business on July 1. The Series A preferred stock trades on the NYSE under the symbol IVR-PA.

Invesco also announced a regular dividend on its common stock of $0.65 per share quarterly, which equates to a $2.60-per-share annually, yielding 14.3% based on the closing price of Invesco Mortgage Capital's stock on June 17. The payout will be made on July 26 to holders of record on June 27.

IVR Dividend Chart

IVR Dividend data by YCharts

The article Invesco Mortgage Sets Preferred Dividend originally appeared on

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story