Invesco Mortgage Capital's Series C Preferred Stock Yield Pushes Past 7.5%By Preferred Stock Channel Staff, Thursday, December 2, 2:21 PM ETIn trading on Thursday, shares of Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (NYSE:IVR.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8752), with shares changing hands as low as $25.00 on the day. This compares to an average yield of 6.15% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, IVR.PRC was trading at a 2.08% premium to its liquidation preference amount, versus the average premium of 3.74% in the "Real Estate" category. The chart below shows the one year performance of IVR.PRC shares, versus IVR:
Below is a dividend history chart for IVR.PRC, showing historical dividend payments on Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (NYSE:IVR.PRC) is currently down about 0.1% on the day, while the common shares (NYSE:IVR) are up about 2.2%.
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