HCI Group Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

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.

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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:

Performance Comparison Chart

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:

HCIIP+Dividend+History+Chart

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.

In Tuesday trading, HCI Group Inc's 7.0% Series A Cumulative Redeemable Preferred Stock ( HCIIP) is currently trading flat on the day, while the common shares ( HCI) are up about 0.7%.

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