On 10/30/13, HCI Group Inc's 7.0% Series A Cumulative Redeemable Preferred Stock (HCIIP) will trade ex-dividend, for its monthly dividend of $0.0583, payable on 11/27/13. As a percentage of HCIIP's recent share price of $44.97, this dividend works out to approximately 0.13%. On an annualized basis, the current yield is approximately 1.59%, which compares to an average yield of 5.95% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, HCIIP was trading at a 340.30% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1. The chart below shows the one year performance of HCIIP shares, versus HCI:
Below is a dividend history chart for HCIIP, showing historical dividends prior to the most recent $0.0583 on HCI Group Inc's 7.0% Series A Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, HCI Group Inc (HCI) makes up 1.10% of the Global Listed Private Equity Portfolio ETF (PSP) which is trading lower by about 0.2% on the day Monday.