In trading on Monday, shares of Pennymac Mortgage Investment Trust’s 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.0313), with shares changing hands as low as $22.51 on the day. This compares to an average yield of 8.29% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRA was trading at a 8.96% discount to its liquidation preference amount, versus the average discount of 16.31% in the “Real Estate” category.
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:
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In Monday trading, Pennymac Mortgage Investment Trust’s 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRA) is currently off about 0.6% on the day, while the common shares (Symbol: PMT) are up about 1%.
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