In trading on Thursday, shares of Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0313), with shares changing hands as low as $25.39 on the day. This compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PMT.PRA was trading at a 1.92% premium to its liquidation preference amount, versus the average premium of 32.75% in the "Real Estate" category.
Below is a dividend history chart for PMT.PRA, showing historical dividend payments on Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest:
In Thursday trading, Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: PMT) are up about 0.1%.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.