Cash Dividend On The Way From Invesco Mortgage Capital Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock
On 6/2/22, 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 6/27/22. As a percentage of IVR.PRB’s recent share price of $21.52, this dividend works out to approximately 2.25%, so look for shares of IVR.PRB to trade 2.25% lower — all else being equal — when IVR.PRB shares open for trading on 6/2/22. On an annualized basis, the current yield is approximately 8.98%, which compares to an average yield of 7.05% 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:
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:
In Tuesday trading, Invesco Mortgage Capital Inc’s 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) is currently off about 0.2% on the day, while the common shares (Symbol: IVR) are up about 1.1%.
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