AG Mortgage Investment Trust's Series C Preferred Stock Shares Cross 11.5% Yield Mark

By Preferred Stock Channel Staff, Tuesday, November 29, 5:05 PM ET

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In trading on Tuesday, 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 11.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $17.06 on the day. This compares to an average yield of 7.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRC was trading at a 30.40% discount to its liquidation preference amount, versus the average discount of 16.66% 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:

Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:MITT.PRC) is currently up about 1.7% on the day, while the common shares (NYSE:MITT) are off about 0.2%.

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AG Mortgage Investment Trust's Series C Preferred Stock Shares Cross 11.5% Yield Mark

AG Mortgage Investment Trust's Series C Preferred Stock Shares Cross 11.5% Yield Mark | www.PreferredStockChannel.com