In trading on Monday, shares of Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9376), with shares changing hands as low as $25.54 on the day. This compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, IVR.PRB was trading at a 4.24% premium to its liquidation preference amount, versus the average premium of 25.56% in the "Real Estate" category.
The chart below shows the one year performance of IVR.PRB shares, versus IVR:
Below is a dividend history chart for IVR.PRB, showing historical dividend payments on Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock:
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 0.1% on the day, while the common shares (Symbol: IVR) are up about 0.5%.
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.
