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| Pennymac Mortgage Investment Trust's Series B Preferred Shares Yield Pushes Past 7.5%By Preferred Stock Channel Staff, Friday, September 3, 5:50 PM ET
In trading on Friday, shares of Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE:PMT.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.10 on the day. This compares to an average yield of 6.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRB was trading at a 7.20% premium to its liquidation preference amount, versus the average premium of 6.63% in the "Real Estate" category. The chart below shows the one year performance of PMT.PRB shares, versus PMT:
Below is a dividend history chart for PMT.PRB, showing historical dividend payments on Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Friday trading, Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE:PMT.PRB) is currently off about 0.5% on the day, while the common shares (NYSE:PMT) are down about 0.2%.
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