On 2/27/14, 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 3/27/14. As a percentage of HCIIP's recent share price of $48.34, this dividend works out to approximately 0.12%. On an annualized basis, the current yield is approximately 1.45%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, HCIIP was trading at a 383.40% 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 1.04% of the Global Listed Private Equity Portfolio ETF (PSP) which is trading lower by about 0.2% on the day Tuesday.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts