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.
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