What caused IVR's earnings to decline in Q1 2024?

Invesco Mortgage Capital Inc. (IVR) did not experience a decline in its earnings in Q1 2024. Instead, it reported earnings of $27.2 million in its fourth quarter, with a net income of $0.46 per common share. 1. **Contrast with Q3 2023**: IVR's performance in Q1 2024 was a significant improvement compared to the previous quarter, where it had a net loss of $1.62 per common share in Q3 2023. 2. **Financial Resilience**: The company's book value per common share increased to $10.00, indicating a resilient balance sheet that can withstand interest rate movements. 3. **Dividend Announcement**: IVR announced a cash dividend of $0.40 per share for the first quarter of 2024, payable on April 26, 2024. This dividend reflects the company's ability to return value to shareholders. In conclusion, IVR's earnings did not decline in Q1 2024, and the company's financial performance showed signs of improvement with a turnaround in earnings and a stable book value per share. The dividend announcement further supports the positive outlook for the company.