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AG Mortgage Investment Trust's Series C Preferred Stock Shares Cross 9% Yield Mark

By Preferred Stock Channel Staff, Friday, February 26, 3:05 PM ET

In 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:

Performance Comparison Chart

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:


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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%.


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