It’s a bit late for the holidays, but shareholders will appreciate Invesco Mortgage Capital‘s (NYSE: IVR) parting gift for 2020. The company announced a 60% raise to its quarterly common stock dividend, lifting it to $0.08 per share from the previous $0.05. The new distribution will be handed out on Jan. 26 to investors of record as of Jan. 12.
This is Invesco’s second dividend raise in a row; that $0.05 per share was lifted from the preceding quarter’s $0.02 per share.
Prior to that, however, the company rewarded its shareholders far more handsomely. From September 2015 to May 2020 it had been consistently raising its payout, which grew from $0.40 to $0.50 per share across that stretch.