AG Mortgage Investment Trust's Series C Preferred Stock Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Friday, February 26, 3:05 PM ETIn trading on Friday, shares of AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:MITT.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $22.17 on the day. This compares to an average yield of 6.40% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRC was trading at a 9.96% discount to its liquidation preference amount, versus the average discount of 0.59% in the "Real Estate" category. The chart below shows the one year performance of MITT.PRC shares, versus MITT:
Below is a dividend history chart for MITT.PRC, showing historical dividend payments on AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:MITT.PRC) is currently off about 1.5% on the day, while the common shares (NYSE:MITT) are off about 2.1%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Dividend
Estate
Fixed
Floating
Friday
Investment
Juicy
MITT
More
Mortgage
NYSE
Newsletter
Offer
Preferred
Premium
Rate
Real
Receive
Redeemable
Series
Special
Start
Stock
Stocks
This
Trust
Where
Yields
about
above
according
afterLeftLabels
afternoon
amount
annualized
average
category
chart
discount
dividend
escape
fillColor
shares
trading
versus
with
|