Markets

Apollo Residential Mortgage Series A Cumulative Redeemable Perpetual Preferred Stock Shares Cross 9.5% Yield Mark

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Tuesday, shares of Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: AMTG.PRA) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $20.75 on the day. This compares to an average yield of 7.57% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, AMTG.PRA was trading at a 15.32% discount to its liquidation preference amount, versus the average discount of 3.57% in the "Real Estate" category.

The chart below shows the one year performance of AMTG.PRA shares, versus AMTG:

Performance Comparison Chart

Below is a dividend history chart for AMTG.PRA, showing historical dividend payments on Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock:

AMTG.PRA+Dividend+History+Chart

In Tuesday trading, Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: AMTG.PRA) is currently off about 1% on the day, while the common shares (Symbol: AMTG) are up about 1%.

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.

Latest Markets Videos