Residential and commercial mortgage-backed securities REIT Invesco Mortgage Capital announced today its third-quarter dividend of $0.50 per share. This is down 23% from its previous quarterly payout of $0.65 per share.
The board of directors said the quarterly dividend is payable on Oct. 28 to holders of record at the close of business on Sept. 26. The regular dividend payment equates to a $2.00-per-share annual dividend, yielding 12.5% based on the closing price today of Invesco Mortgage Capital stock.
Editor's note: A previous version of this article contained incorrect information on IVR's dividend history. It also contained a chart that did not show the most up-to-date dividend announcement.
The article Invesco Mortgage Decreases Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.