Invesco Mortgage Capital Declares $0.12 Dividend, Posts $8.08 Book Value per Share
Invesco Mortgage Capital declared a $0.12 per share April dividend, payable May 14 to holders of record as of April 27. As of March 31 the firm held $7.3 billion in investments, $493.1 million cash, repurchase borrowings of $5.3 billion and an estimated book value per share of $8.08.
1. Dividend Declaration
The company declared a cash dividend of $0.12 per common share for April 2026, payable on May 14 to shareholders of record at the close of business on April 27, with an ex-dividend date of April 27.
2. Preliminary March Financials
As of March 31, 2026, the investment portfolio including TBAs totaled $7.25 billion, with unrestricted cash and unencumbered investments of $493.1 million. Estimated book value per common share was $8.08, calculated based on 87.5 million shares outstanding and net of $169.7 million in preferred stock liquidation preference.
3. Leverage and Risk Metrics
Repurchase agreement borrowings stood at $5.34 billion, yielding a U.S. GAAP debt-to-equity ratio of 6.1x and an economic debt-to-equity ratio of 7.5x. The company held $4.12 billion in interest rate swaps across maturities and maintained $990 million in short U.S. Treasury futures positions to manage interest rate exposure.