For the fourth quarter in a row, Invesco Mortgage Capital (NYSE: IVR) is raising its quarterly common stock dividend. The mortgage real estate investment trust (mREIT) announced Friday that it’s adding $0.01, or 11%, to its proceeding payout for a $0.09 per share distribution. This is to be paid April 27 to investors of record as of April 9, and it yields 9.1% at the most recent closing stock price.
This series of dividend raises, however, comes in the wake of a significant cut. With its business threatened by the coronavirus pandemic, last year Invesco had to cope with a sudden flood of margin calls from its lenders.