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Ex-Div Reminder for Pennymac Mortgage Investment Trust's Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares


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On 5/31/18, Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 6/15/18. As a percentage of PMT.PRB's recent share price of $25.21, this dividend works out to approximately 1.98%, so look for shares of PMT.PRB to trade 1.98% lower - all else being equal - when PMT.PRB shares open for trading on 5/31/18. On an annualized basis, the current yield is approximately 7.94%, which compares to an average yield of 6.99% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PMT.PRB shares, versus PMT:

Performance Comparison Chart

Below is a dividend history chart for PMT.PRB, showing historical dividends prior to the most recent $0.50 on Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest:

PMT.PRB+Dividend+History+Chart

In Tuesday trading, Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRB) is currently trading flat on the day, while the common shares (Symbol: PMT) are up about 0.3%.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing
Referenced Symbols: PMT.PRB , PMT



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