In trading on Friday, shares of Pennymac Mortgage Investment Trust’s 6.75% Series C Cumulative Preferred Shares (Symbol: PMT.PRC) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $17.73 on the day. This compares to an average yield of 8.09% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PMT.PRC was trading at a 28.76% discount to its liquidation preference amount, versus the average discount of 14.23% in the “Real Estate” category.
The chart below shows the one year performance of PMT.PRC shares, versus PMT:
Below is a dividend history chart for PMT.PRC, showing historical dividend payments on Pennymac Mortgage Investment Trust’s 6.75% Series C Cumulative Preferred Shares:
In Friday trading, Pennymac Mortgage Investment Trust’s 6.75% Series C Cumulative Preferred Shares (Symbol: PMT.PRC) is currently trading flat on the day, while the common shares (Symbol: PMT) are up about 1.6%.
