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AG Mortgage Investment Trust Series B Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

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Shutterstock photo

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On 2/24/17, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/17/17. As a percentage of MITT.PRB's recent share price of $25.00, this dividend works out to approximately 2.00%, so look for shares of MITT.PRB to trade 2.00% lower - all else being equal - when MITT.PRB shares open for trading on 2/24/17. On an annualized basis, the current yield is approximately 8.02%, which compares to an average yield of 6.86% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MITT.PRB shares, versus MITT:

Performance Comparison Chart

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:

MITT.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, AG Mortgage Investment Trust Inc (Symbol: MITT) makes up 1.45% of the Mortgage REIT Income ETF ( MORT ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) is currently up about 0.2% on the day, while the common shares (Symbol: MITT) are trading flat.

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.


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

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MORT MITT.PRB MITT