Invesco Mortgage Capital Inc. October 2026 Dividend Announcement and September Financial Update
Invesco Mortgage Capital Inc. (IVR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Press Release For immediate release Greg Seals, Investor Relations 404-439-3323 Invesco Mortgage Capital Inc. October 2026 Dividend Announcement and September Financial Update Atlanta - October 14, 2026 -- Invesco Mortgage Capital Inc. (NYSE: IVR) (the “Company”) tod
How this was made
The 30-second read
Why it matters
The dividend adds a small cash return, but the REIT's high leverage and modest yield may temper price gains.
Market read
Dividend announcement is a primary corporate action for IVR, offering limited but actionable insight for income‑focused traders.
What to watch
Economic debt‑to‑equity ratio remains high at 8.3x, which could limit upside despite the dividend.
Invesco Mortgage Capital Inc. declares $0.12 per common share October 2026 dividend and reports preliminary September portfolio, leverage and liquidity data.
The update reports substantial Agency mortgage exposure, $401.3 million of unrestricted cash and unencumbered investments, and an estimated book value per common share of $6.74, but it does not provide operating results, earnings, cash flow, prior-period comparisons or forward guidance. All financial information is preliminary and unaudited.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total investment portfolio including TBAsother | $8B | – | – |
| Unrestricted cash and unencumbered investmentsother | $401.3M | – | – |
| Total repurchase agreement borrowingsGAAP | $6.8B | – | – |
| Estimated book value per common shareother | $6.74 | – | – |
| Debt-to-equity ratioGAAP | 7.6x | – | – |
| Economic debt-to-equity rationon-GAAP | 8.3x | – | – |
| Series C Preferred Stock liquidation preferenceother | $168.1M | – | – |
| Total common shares outstandingother | 109.1M | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 2.5% coupon fair valueother | $39.23M | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 2.5% coupon portfolio percentageother | 0.5 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 2.5% coupon period-end weighted average yieldother | 4.42 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 3.0% coupon fair valueother | $141.9M | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 3.0% coupon portfolio percentageother | 1.8 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 3.0% coupon period-end weighted average yieldother | 4.54 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 4.5% coupon fair valueother | $1.18B | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 4.5% coupon portfolio percentageother | 14.8 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 4.5% coupon period-end weighted average yieldother | 4.87 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.0% coupon fair valueother | $2.00B | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.0% coupon portfolio percentageother | 25.1 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.0% coupon period-end weighted average yieldother | 5.20 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.5% coupon fair valueother | $1.96B | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.5% coupon portfolio percentageother | 24.6 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 5.5% coupon period-end weighted average yieldother | 5.48 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 6.0% coupon fair valueother | $1.31B | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 6.0% coupon portfolio percentageother | 16.4 % | – | – |
| Agency RMBS 30 year fixed-rate pass-through, 6.0% coupon period-end weighted average yieldother | 5.91 % | – | – |
| Total 30 year fixed-rate pass-through fair valueother | $6.63B | – | – |
| Total 30 year fixed-rate pass-through portfolio percentageother | 83.2 % | – | – |
| Total 30 year fixed-rate pass-through period-end weighted average yieldother | 5.34 % | – | – |
| Agency CMBS fair valueother | $681.2M | – | – |
| Agency CMBS portfolio percentageother | 8.5 % | – | – |
| Agency CMBS period-end weighted average yieldother | 4.68 % | – | – |
| Portfolio subtotal fair valueother | $7.31B | – | – |
| Portfolio subtotal percentageother | 91.7 % | – | – |
| Portfolio subtotal period-end weighted average yieldother | 5.28 % | – | – |
| Agency TBA, 5.5% coupon implied market valueother | $157.7M | – | – |
| Agency TBA, 5.5% coupon portfolio percentageother | 2.0 % | – | – |
| Agency TBA, 6.0% coupon implied market valueother | $441.8M | – | – |
| Agency TBA, 6.0% coupon portfolio percentageother | 5.5 % | – | – |
| Agency TBA, 6.5% coupon implied market valueother | $60.30M | – | – |
| Agency TBA, 6.5% coupon portfolio percentageother | 0.8 % | – | – |
| Total Agency TBA implied market valueother | $659.9M | – | – |
| Total Agency TBA portfolio percentageother | 8.3 % | – | – |
| Total investment portfolio including TBAs fair valueother | $7.97B | – | – |
| Total investment portfolio including TBAs percentageother | 100.0 % | – | – |
| Repurchase agreements - Agency MBS amount outstandingGAAP | $6.84B | – | – |
| Repurchase agreements - Agency MBS weighted average interest rateGAAP | 3.97 % | – | – |
| Repurchase agreements - Agency MBS weighted average remaining maturityGAAP | 20 | – | – |
| Interest rate swaps total notional amountother | $5.18B | – | – |
| Interest rate swaps total weighted average fixed pay rateother | 2.72 % | – | – |
| Interest rate swaps total weighted average floating receive rateother | 3.90 % | – | – |
| Interest rate swaps total weighted average years to maturityother | 7.9 | – | – |
| U.S. Treasury futures, 10 year notional amount - shortother | $740M | – | – |
| U.S. Treasury futures, Ultra 10 year notional amount - shortother | $525M | – | – |
| U.S. Treasury futures, 30 year notional amount - shortother | $340M | – | – |
| U.S. Treasury futures total notional amount - shortother | $1.60B | – | – |
Capital returns
- Cash dividend of $0.12 per share of common stock for the month of October 2026.
- Dividend payable on November 16, 2026 to stockholders of record at the close of business on October 26, 2026.
- Ex-dividend date of October 26, 2026.
What drove it
- The investment portfolio including TBAs was $8.0 billion as of September 30, 2026.
- Thirty-year fixed-rate Agency RMBS represented 83.2 % of the portfolio, with a period-end weighted average yield of 5.34 %.
- Agency CMBS represented 8.5 % of the portfolio and Agency TBAs represented 8.3 %.
- The Company reported $5,185,000 ($ in thousands) of pay-fixed, receive-floating interest rate swaps and $1,605,000 ($ in thousands) of short U.S. Treasury futures notional exposure.
Concerns
- The Company characterized the September 30, 2026 data as preliminary and unaudited.
- The independent auditors have not audited, reviewed, examined, compiled or applied agreed-upon procedures to the reported information.
- The Company stated that additional items identified in the ongoing month-end and quarter-end closing processes could result in material revisions.
- Repurchase agreement borrowings had a weighted average remaining maturity of 20 days.
- Economic debt-to-equity ratio is a non-GAAP financial measure.
What to watch
- Final financial statements and any revisions to the preliminary September 30, 2026 data.
- Changes in estimated book value per common share of $6.74.
- Changes in the 7.6x GAAP debt-to-equity ratio and 8.3x economic debt-to-equity ratio.
- Portfolio yield, TBA positioning, repurchase agreement financing costs and the interest-rate hedge profile.
- Payment of the $0.12 per share October 2026 common-stock dividend on November 16, 2026.
Balance sheet and cash flow
- Unrestricted cash and unencumbered investments of $401.3 million.
- Total repurchase agreement borrowings of $6.8 billion.
- Repurchase agreements - Agency MBS amount outstanding of $6,842,947 ($ in thousands), with a weighted average interest rate of 3.97 % and weighted average remaining maturity of 20 days.
- Debt-to-equity ratio of 7.6x under U.S. GAAP and economic debt-to-equity ratio of 8.3x, a non-GAAP financial measure.
- TBAs at implied cost basis of $674.1 million used in the economic debt-to-equity ratio calculation.
Analysis
This filing is a preliminary September month-end portfolio and dividend update rather than a quarterly earnings release. Invesco Mortgage Capital reported a total investment portfolio including TBAs of $8.0 billion, estimated book value per common share of $6.74, unrestricted cash and unencumbered investments of $401.3 million, and total repurchase agreement borrowings of $6.8 billion. It did not report revenue, net income, earnings per share, operating cash flow, free cash flow or comparisons with prior periods.
Portfolio mix remained centered on Agency mortgage assets. Thirty-year fixed-rate pass-through Agency RMBS represented 83.2 % of the portfolio and carried a 5.34 % period-end weighted average yield. Agency CMBS accounted for 8.5 % of the portfolio at a 4.68 % period-end weighted average yield, while Agency TBAs represented 8.3 %. The largest disclosed fixed-rate pass-through coupon exposures were 5.0% at 25.1 % of the portfolio and 5.5% at 24.6 %.
Leverage and funding are the principal balance-sheet metrics disclosed. The Company reported a GAAP debt-to-equity ratio of 7.6x and a non-GAAP economic debt-to-equity ratio of 8.3x. Agency MBS repurchase agreements totaled $6,842,947 ($ in thousands), carried a weighted average interest rate of 3.97 %, and had a weighted average remaining maturity of 20 days. The higher economic leverage measure includes TBAs at implied cost basis of $674.1 million.
The reported hedge book included $5,185,000 ($ in thousands) of pay-fixed, receive-floating interest rate swaps, with a total weighted average fixed pay rate of 2.72 %, weighted average floating receive rate of 3.90 %, and weighted average maturity of 7.9 years. The Company also reported $1,605,000 ($ in thousands) of short U.S. Treasury futures notional exposure. These positions are material to the portfolio's interest-rate positioning, but the filing provides no earnings or comprehensive-income result from them.
Capital returns consisted of a $0.12 per share common-stock dividend for October 2026, payable November 16, 2026 to stockholders of record on October 26, 2026. The filing offers no forward financial guidance. Management cautioned that the information is preliminary, unaudited, based on management judgment during the closing process, and subject to potentially material revision.
Not in the filing
stated, not guessed- Quarterly, year-to-date or full-year revenue.
- Segment revenue and segment comparisons.
- GAAP gross profit or gross margin.
- GAAP operating income or loss.
- GAAP net income or loss.
- GAAP earnings per share.
- Non-GAAP earnings measures or non-GAAP earnings per share.
- Prior-year and prior-quarter financial results for all reported metrics.
- Year-over-year and sequential changes for all reported metrics.
- Operating cash flow.
- Free cash flow.
- Cash balance separate from unrestricted cash and unencumbered investments.
- Total stockholders' equity.
- Debt maturity schedule beyond the weighted average remaining maturity of repurchase agreements.
- Share repurchases.
- Forward revenue, expense, tax-rate, margin, earnings or other financial guidance.
- Named executive commentary or executive quotes.
- Detailed interest-rate swap metrics by maturity bucket were reported, but are not included individually in key_metrics.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The filing is an SEC Form 8‑K providing a preliminary month‑end financial update and dividend declaration for IVR.
Ticker impact
Invesco Mortgage Capital (IVR) announced a cash dividend of $0.12 per share payable on Nov 16, 2026 with ex‑dividend date Oct 26, 2026.
slight upward pressure as investors capture the dividend yield
Dividends are a positive corporate action; the amount is modest but may attract income‑focused buyers.
Market effects
May slightly improve sentiment for mortgage REIT sector by highlighting cash flow stability.
Limited to U.S. REIT investors; no broader regional effect.
Low; dividend news is company‑specific.
Counterpoint
Yield is modest relative to the REIT's leverage; investors may prefer higher‑yield alternatives.
Key entities
- companyInvesco Mortgage Capital Inc.
Mortgage REIT issuing the dividend.
