HCI Group's Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 7/30/13, HCI Group Inc's 7.0% Series A Cumulative Redeemable Preferred Stock (NASD: HCIIP) will trade ex-dividend, for its monthly dividend of $0.0583, payable on 8/27/13. As a percentage of HCIIP's recent share price of $36.39, this dividend works out to approximately 0.16%. On an annualized basis, the current yield is approximately 1.92%, which compares to an average yield of 5.24% in the "Financial" preferred stock category, according to Preferred Stock Channel.