Invesco Mortgage Capital Inc. - IVR STOCK NEWS

Invesco Mortgage Capital announced that Don Liu will join its Board of Directors in mid-February. Currently the Chief Legal and Risk Officer at Target, Liu brings extensive experience in mergers and acquisitions, risk management, and diversity initiatives. His previous roles include leadership positions at Xerox, Toll Brothers, and Aetna. Jack Hardin, Chair of the Board, expressed confidence in Liu's ability to enhance the Board's focus on diversity and governance.

Invesco Mortgage Capital Inc. (NYSE: IVR) announced a cash dividend of $0.09 per share for the fourth quarter of 2021. This dividend will be paid on January 27, 2022 to stockholders of record on January 11, 2022, with an ex-dividend date of January 10, 2022. The company invests in mortgage-backed securities and is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ). The press release also includes cautionary statements regarding forward-looking statements that may involve risks and uncertainties.

Invesco Mortgage Capital reported Q3 2021 net income of $49.3 million, a reversal from a $88.3 million loss in Q2 2021. Earnings per share were $0.17, while earnings available for distribution remained at $0.10. The book value per share increased 1.2% to $3.25. Economic return reached 4.0%, supported by increased demand for higher coupon collateral amid slow prepayments. The company maintained an investment portfolio of $8.9 billion with a debt-to-equity ratio of 5.4x. The common stock dividend of $0.09 per share was declared for payment on October 26, 2021.

Invesco Mortgage Capital Inc. (NYSE: IVR) will release its third-quarter 2021 results on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 9:00 a.m. ET, featuring key executives including CEO John Anzalone and CFO Lee Phegley. Investors can access a presentation on the results on the company's website. Additionally, an audio replay of the call will be available until November 18, 2021.

Invesco Mortgage Capital announced a cash dividend of $0.09 per share for Q3 2021, payable on October 26, 2021. Stockholders of record as of October 12, 2021 will receive this dividend, with an ex-dividend date set for October 8, 2021. The firm focuses on managing mortgage-backed securities and other related assets. This dividend declaration reflects the company's ongoing commitment to return value to its shareholders despite market uncertainties.

Invesco Mortgage Capital reported a net loss of $88.3 million in Q2 2021, significantly higher than the $20.4 million loss in Q1 2021. The net loss per share was $0.34, compared to $0.09 in the previous quarter. Earnings available for distribution per share were $0.10, down from $0.11. Book value also fell 12.1% to $3.21. The economic return was -9.6%, worsening from -3.1%. The company redeemed $140 million of preferred stock while raising $145.9 million in common equity. Agency RMBS underperformed due to increased supply and reduced demand, alongside expectations of tapering by the Federal Reserve.

Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its second quarter 2021 results on August 4, 2021, after market close. A conference call and audio webcast will follow on August 5, 2021, at 9:00 a.m. ET, featuring executives including CEO John Anzalone and CFO Lee Phegley. Interested participants can join via a toll-free number or webcast link. An audio replay will be accessible until August 19, 2021. Invesco Mortgage Capital focuses on mortgage-backed securities and is externally managed by Invesco Advisers, Inc.

Invesco Mortgage Capital Inc. (NYSE: IVR) announced a quarterly cash dividend of $0.09 per share for Q2 2021. The dividend will be paid on July 27, 2021 to stockholders of record as of July 6, 2021, with an ex-dividend date of July 2, 2021. The company focuses on investing in mortgage-backed securities and other related assets, and is externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ).

Invesco Mortgage Capital Inc. (NYSE: IVR) announced the pricing of its public offering of 37.5 million common shares, generating approximately $128.625 million in gross proceeds. The offering, set to close on June 1, 2021, includes a 30-day option for underwriters to purchase an additional 5.625 million shares. Proceeds will primarily fund the redemption of the 7.75% Series A Cumulative Redeemable Preferred Stock and support general corporate purposes like repayment of obligations and working capital.