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IVR

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

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Shutterstock photo

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On 6/4/18, 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 6/27/18. As a percentage of IVR.PRB's recent share price of $25.66, this dividend works out to approximately 1.89%, so look for shares of IVR.PRB to trade 1.89% lower - all else being equal - when IVR.PRB shares open for trading on 6/4/18. On an annualized basis, the current yield is approximately 7.54%, which compares to an average yield of 6.98% 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 Thursday trading, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) is currently down about 0.2% on the day, while the common shares (Symbol: IVR) are down about 0.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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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