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

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.

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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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