Invesco Mortgage Capital Inc. Announces Quarterly Series A Preferred Stock Dividend and Timing of Common Stock Dividend Declaration

Rhea-AI Summary

Invesco Mortgage Capital Inc. (NYSE: IVR) declared a quarterly cash dividend of $0.4844 per share on its 7.75% Series A Cumulative Redeemable Preferred Stock. This dividend will be paid on October 26, 2020 to stockholders of record by October 1, 2020, with the ex-dividend date set for September 30, 2020. Additionally, the Board intends to meet on September 30, 2020 to declare a dividend for common stock in the third quarter of 2020.

Positive

• Declared a quarterly dividend of $0.4844 on Series A preferred stock, providing income to shareholders.
• Demonstrates confidence in financial stability by announcing future dividend declarations.

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• None.

ATLANTA, Sept. 10, 2020 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) today announced that its Board of Directors declared a quarterly dividend on shares of its Series A preferred stock and also announced the intended timing for declaration of a dividend on shares of its common stock for the third quarter of 2020.

Series A Preferred Stock Dividend

The Board of Directors declared a quarterly cash dividend on its 7.75% Series A Cumulative Redeemable Preferred Stock of $0.4844 per share.  The dividend will be paid on October 26, 2020 to stockholders of record on October 1, 2020, with an ex-dividend date of September 30, 2020.

Common Stock Dividend

The Board of Directors intends to meet on September 30, 2020 to declare a dividend on shares of common stock for the third quarter of 2020.

About Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on investing in, financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global investment management firm.  Additional information is available at www.invescomortgagecapital.com.

Forward-Looking Statements

This press release includes forward-looking statements that reflect our current views with respect to future events, including our intention and ability to pay future dividends as well as any other statements other than statements of historical fact. Although the information contained herein represents our best judgment as of the date hereof, we can give no assurance that the expectations will be attained or that any deviation will not be material. Therefore, we caution investors not to rely unduly on any forward-looking statements. For more information about items that could impact these forward-looking statements, see the "Forward-Looking Statements" section of our Form 10-Q for the quarter ended June 30, 2020, which is available on the Securities and Exchange Commission's website at www.sec.gov.

Investor Relations Contact: Jack Bateman, 404-439-3323

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SOURCE Invesco Mortgage Capital Inc.

FAQ

What is the dividend for Invesco Mortgage Capital's Series A preferred stock?

The dividend for Series A preferred stock is $0.4844 per share.

When is the dividend for the Series A preferred stock payable?

The dividend will be payable on October 26, 2020.

What is the record date for the preferred stock dividend?

The record date for the preferred stock dividend is October 1, 2020.

When will Invesco Mortgage Capital declare its common stock dividend?

The Board intends to declare the common stock dividend on September 30, 2020.