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| Invesco Mortgage Capital's Series B Preferred Stock Crosses Above 9% Yield TerritoryBy Preferred Stock Channel Staff, Friday, May 6, 2:07 PM ET
In trading on Friday, shares of Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (NYSE:IVR.PRB) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9376), with shares changing hands as low as $21.37 on the day. This compares to an average yield of 7.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, IVR.PRB was trading at a 13.52% discount to its liquidation preference amount, versus the average discount of 6.67% 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:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Friday trading, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (NYSE:IVR.PRB) is currently up about 0.7% on the day, while the common shares (NYSE:IVR) are up about 0.9%.
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