PMT.PRB

Pennymac Mortgage Investment Trust's Series B Preferred Shares Cross 8.5% Yield Mark

In trading on Thursday, shares of Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $23.40 on the day. This compares to an average yield of 7.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRB was trading at a 4.80% discount to its liquidation preference amount, versus the average discount of 11.99% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for PMT.PRB, showing historical dividend payments on Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest:

PMT.PRB+Dividend+History+Chart

In Thursday trading, Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: PMT.PRB) is currently off about 1.1% on the day, while the common shares (Symbol: PMT) are off about 0.1%.

Also see:
• Southern 13F Filers
• Funds Holding DFRG
• WEBK Videos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.