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

By Preferred Stock Channel Staff, Wednesday, May 12, 2:22 PM ET

In trading on Wednesday, shares of Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE:PMT.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0313), with shares changing hands as low as $25.20 on the day. This compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRA was trading at a 4.36% premium to its liquidation preference amount, versus the average premium of 4.40% in the "Real Estate" category.

The chart below shows the one year performance of PMT.PRA shares, versus PMT:

Performance Comparison Chart

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:


Free Report: Top 7%+ Dividends (paid monthly)

In Wednesday trading, Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE:PMT.PRA) is currently off about 2% on the day, while the common shares (NYSE:PMT) are down about 2.8%.


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