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| Cash Dividend On The Way From Invesco Mortgage Capital Fixed-to-Floating Series B Cumulative Redeemable Preferred StockBy Preferred Stock Channel Staff, Thursday, November 30, 1:36 PM ET
On 12/4/23, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (NYSE:IVR.PRB) will trade ex-dividend, for its quarterly dividend of $0.4844, payable on 12/27/23. As a percentage of IVR.PRB's recent share price of $23.00, this dividend works out to approximately 2.11%, so look for shares of IVR.PRB to trade 2.11% lower — all else being equal — when IVR.PRB shares open for trading on 12/4/23. On an annualized basis, the current yield is approximately 8.52%, which compares to an average yield of 8.23% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, IVR.PRB was trading at a 9.00% discount to its liquidation preference amount. 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: Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Invesco Mortgage Capital Inc's 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (NYSE:IVR.PRB) is currently up about 1.1% on the day, while the common shares (NYSE:IVR) are up about 0.4%.
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