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Pennymac Mortgage Investment Trust's Series B Preferred Shares Cross 8% Yield Mark

In trading on Thursday, shares of Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.95 on the day. This compares to an average yield of 6.37% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRB was trading at a 0.60% premium to its liquidation preference amount, versus the average discount of 0.17% in the "Real Estate" category.

Performance Comparison Chart

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:

PMT.PRB+Dividend+History+Chart


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In Thursday 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 down about 0.6% on the day, while the common shares (Symbol: PMT) are off about 2.3%.

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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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