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| Invesco Mortgage Capital's Series C Preferred Stock Yield Pushes Past 8.5%By Preferred Stock Channel Staff, Wednesday, January 10, 2:12 PM ET
In trading on Wednesday, 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 8.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $22.01 on the day. This compares to an average yield of 7.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, IVR.PRC was trading at a 11.04% discount to its liquidation preference amount, versus the average discount of 13.81% 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 Wednesday trading, Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (NYSE:IVR.PRC) is currently down about 0.5% on the day, while the common shares (NYSE:IVR) are trading flat.
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