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| Ex-Div Reminder for AG Mortgage Investment Trust Series B Cumulative Redeemable Preferred StockBy Preferred Stock Channel Staff, Monday, February 26, 1:35 PM ET
On 2/28/24, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE:MITT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/18/24. As a percentage of MITT.PRB's recent share price of $19.43, this dividend works out to approximately 2.57%, so look for shares of MITT.PRB to trade 2.57% lower — all else being equal — when MITT.PRB shares open for trading on 2/28/24. On an annualized basis, the current yield is approximately 10.27%, which compares to an average yield of 7.76% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 22.08% discount to its liquidation preference amount. The chart below shows the one year performance of MITT.PRB shares, versus MITT:
Below is a dividend history chart for MITT.PRB, showing historical dividends prior to the most recent $0.50 on AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly)
In Monday trading, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE:MITT.PRB) is currently down about 0.3% on the day, while the common shares (NYSE:MITT) are trading flat.
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