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Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Sun, October 24, 8:00 AM

#50. Pennymac Mortgage Investment Trust | 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE:PMT.PRB) | 7.70% CURRENT YIELD

Premium to Liquidation Preference: 3.92%Average Premium in Category: 5.28%
Current Annualized Yield: 7.70%Average Yield in Category: 6.10%
Days Since Last Ex-Div Date: 51 | See Dividend History »Categorization: Real Estate

Series:B
Alternate symbology:PMT-B, PMT-PB, PMTprB
Redeemable?:Yes
Call Date:6/15/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:7,000,000
Overallotment:1050000
Liquidation Preference:$25
Recent Market Price:$26.06
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.06 (4.24%)
Annualized Dividend:2
Recent Ex-Date:8/31/2021
Current Yield:7.67%
Original Coupon:8.00%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn PMT.PRB's Rating
PennyMac Mortgage Investment Trust is a holding company. Through its subsidiaries, Co. is a finance company that invests primarily in mortgage-related assets. Co. also conducts substantially all of its operations, and makes substantially all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. Co.'s business includes four segments: credit sensitive strategies,which represents Co.'s investments in credit risk transfer arrangements; interest rate sensitive strategies, which represents Co.'s investments in mortgage servicing rights; and correspondent production, which serves as an intermediary between lenders and the capital markets.

Preferreds: PMT.PRA, PMT.PRB


Open the PMT Information Page »
Name: 
Pennymac Mortgage Investment Trust
Website: 
www.pennymacmortgageinvestmenttrust.com
Sector: 
REITs
Number of ETFs Holding PMT: 
58 (see which ones)
Total Market Value Held by ETFs: 
$557,013,043.88
Total Market Capitalization: 
$1,979,000,000
% of Market Cap. Held by ETFs: 
28.15%

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