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Cash Dividend On The Way From Invesco Mortgage Capital Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock

On 12/4/19, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) will trade ex-dividend, for its quarterly dividend of $0.4844, payable on 12/27/19. As a percentage of IVR.PRB's recent share price of $26.89, this dividend works out to approximately 1.80%, so look for shares of IVR.PRB to trade 1.80% lower — all else being equal — when IVR.PRB shares open for trading on 12/4/19. On an annualized basis, the current yield is approximately 7.17%, which compares to an average yield of 6.55% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of IVR.PRB shares, versus IVR:

Performance Comparison Chart

Below is a dividend history chart for IVR.PRB, showing historical dividends prior to the most recent $0.4844 on Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock:

IVR.PRB+Dividend+History+Chart

In Monday trading, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) is currently down about 0.4% on the day, while the common shares (Symbol: IVR) are up about 0.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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