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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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%.

More from Stocks

China Makes Good on Car Tariff Pledge, Tesla Wins Big

China Makes Good on Car Tariff Pledge, Tesla Wins Big

Stocks Lower as Optimism Wanes Over China Trade Talks

Stocks Lower as Optimism Wanes Over China Trade Talks

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: I Remain Constructive on Micron Shares

Jim Cramer: I Remain Constructive on Micron Shares