Invesco Mortgage Capital Inc. Announces Quarterly Common Dividend and Provides Update on Portfolio, Liquidity and Book Value
ATLANTA , June 27, 2022 |PRNewswire| -- Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR ) today announced that its Board of Directors declared a cash dividend of $0.90 per share of common stock for the second quarter of 2022. The dividend will be paid on July 27, 2022 to stockholders of record on July 11, 2022 , with an ex-dividend date of July 8, 2022 . Increased expectations for accelerated interest rate hikes and balance sheet reduction by the U.S. Federal Reserve continue to weigh on Agency residential mortgage-backed securities ("Agency RMBS") valuations. The Company has taken actions to prudently manage its investment portfolio during recent market volatility. These actions include reducing leverage and rotating the Agency RMBS portfolio into higher coupons by selling 30-year 2.0% and 2.5% coupons and purchasing 4.0%, 4.5% and 5.0% coupons. Given recent market volatility, the Company has elected to provide the following preliminary financial information. The below estimates are subject to change.
Invesco Mortgage Capital Inc. Announces Quarterly Common Dividend and Provides Update on Portfolio, Liquidity and Book Value
ATLANTA , June 27, 2022 |PRNewswire| -- Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR ) today announced that its Board of Directors declared a cash dividend of $0.90 per share of common stock for the second quarter of 2022. The dividend will be paid on July 27, 2022 to stockholders of record on July 11, 2022 , with an ex-dividend date of July 8, 2022 . Increased expectations for accelerated interest rate hikes and balance sheet reduction by the U.S. Federal Reserve continue to weigh on Agency residential mortgage-backed securities ("Agency RMBS") valuations. The Company has taken actions to prudently manage its investment portfolio during recent market volatility. These actions include reducing leverage and rotating the Agency RMBS portfolio into higher coupons by selling 30-year 2.0% and 2.5% coupons and purchasing 4.0%, 4.5% and 5.0% coupons. Given recent market volatility, the Company has elected to provide the following preliminary financial information. The below estimates are subject to change.