Monitor the next quarterly 10-Q for GAAP earnings and book value trends. The preferred dividend (7.50% Series C) remains well-covered by the portfolio yield and leverage profile. No immediate catalyst for the preferred shares.
Price Chart
Executive Summary
Invesco Mortgage Capital Inc. declared a $0.12 per share monthly common dividend for May 2026 and released preliminary April 2026 financial data. The filing shows a stable portfolio of $7.5 billion, estimated book value per common share of $8.21, and a debt-to-equity ratio of 5.9x (economic 7.3x). This is a routine monthly update with no material changes to the credit profile for preferred shareholders.
Key Facts
- Declared $0.12 per share common dividend for May 2026, payable June 12, 2026
- Total investment portfolio including TBAs of $7.5 billion as of April 30, 2026
- Estimated book value per common share of $8.21 as of April 30, 2026
- Debt-to-equity ratio of 5.9x and economic debt-to-equity ratio of 7.3x
- Unrestricted cash and unencumbered investments of $563.0 million
- Total repurchase agreement borrowings of $5.5 billion
- Series C Preferred Stock liquidation preference of $169.4 million
- 92.8 million common shares outstanding
Financial Impact
Routine monthly dividend and preliminary month-end data; no material change to preferred dividend coverage or credit profile.
Risk Factors
- Interest rate changes could impact portfolio yields and book value
- Prepayment risk on Agency RMBS could reduce portfolio yield
- Leverage at 5.9x GAAP (7.3x economic) leaves limited cushion in a stress scenario
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437071-26-000044 |
| Document: ivr-20260514.htm | 0001437071-26-000044 |
| Document: 0001437071-26-000044-index-headers.html | 0001437071-26-000044 |
| Document: 0001437071-26-000044-index.html | 0001437071-26-000044 |
| Document: 0001437071-26-000044.txt | 0001437071-26-000044 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | 8-K | $7.40 $7.19 | ▼ −2.84% | ▼ −1.60% | $5.72 (−22.77%) |
Jul 30, 2026 9w ago | Press Release | $7.41 $7.36 | ▲ +0.67% | ▲ +3.66% | $5.72 (+22.87%) |
Jun 12, 2026 15w ago | 8-K | $8.06 $7.86 | ▼ −2.48% | ▼ −1.73% | $5.72 (−29.09%) |
Jun 11, 2026 16w ago | Institutional Cluster | $8.00 $7.97 | ▼ −0.38% | ▼ −2.27% | $5.72 (−28.56%) |
May 14, 2026 20w ago | 8-K | $23.52 $24.06 | ▲ +2.30% | ▲ +0.19% | $5.72 (−75.70%) |
Mar 20, 2026 28w ago | DEFA14A | $7.41 $8.19 | ▲ +10.46% | ▲ +1.14% | $5.72 (−22.93%) |
US Market Status
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