HomeMost Popular Unlocking Dividends: Invesco Mortgage Capital's Preferred Stock Story

Unlocking Dividends: Invesco Mortgage Capital’s Preferred Stock Story

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Exciting Ex-Dividend Date Ahead

On 3/4/24, investors in Invesco Mortgage Capital Inc’s 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) can anticipate a quarterly dividend of $0.4844. This dividend is slated to land in their accounts on 3/27/24. Computed against IVR.PRB’s latest share price of $24.68, the dividend offers a yield of around 1.96%. Consequently, enthusiasts can prep for IVR.PRB to open trading 1.96% lower on 3/4/24 β€” holding all else constant. Converted to an annual scale, the prevailing yield stands at roughly 7.82%, eclipsing the 7.79% typical yield within the preferred stock realm of β€œReal Estate,” as per data from Preferred Stock Channel.

Story in Numbers

Illustrating the one-year journey of IVR.PRB shares juxtaposed against IVR in a performance comparison chart:

Performance Comparison Chart

Delving into the dividend annals of IVR.PRB, here’s a historical depiction of dividends leading up to the latest $0.4844 on Invesco Mortgage Capital Inc’s 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock:

IVR.PRB+Dividend+History+Chart

In today’s trading landscape, Invesco Mortgage Capital Inc’s 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock (Symbol: IVR.PRB) is experiencing a marginal decline of about 0.4%. In contrast, the common shares (Symbol: IVR) are enjoying an uptick of roughly 3.5%.

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The perspectives and thoughts articulated herein belong to the author and may not necessarily mirror those of Nasdaq, Inc.

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