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Stock impact report

Invesco Mortgage Capital: Double-Digit Yield Only Makes Sense If You Watch Book Value [Seeking Alpha]

INVESCO MORTGAGE CAPITAL INC (IVR) 
Last invesco mortgage capital inc earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invescomortgagecapital.com/ir-home
Company Research Source: Seeking Alpha
IVR's high ~15–16% yield is now a direct pass-through of levered agency carry, with dividends closely tracking book value performance. Book value has stabilized and even grown recently, but sustainability depends on stable funding conditions and manageable rate volatility. I rate IVR a Hold; current payout is supportable if book value holds, but income investors seeking stability should consider alternatives. Dougal Waters/DigitalVision via Getty Images Introduction Invesco Mortgage Capital Inc. ( IVR ) has an aggressively high yield, but both its recent dividend history and its long term-returns are disappointing. A closer look shows high payout ratios, poor dividend growth, and relatively high leverage. Such This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my ow Show less Read more
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