In Tuesday trading, shares of Pennymac Mortgage Investment Trust’s 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares (Symbol: PMT.PRB) yielded over 9%, trading as low as $22.16. This yield surpasses the average of 8.05% within the Real Estate preferred stock category. The PMT.PRB is currently at an 11.00% discount to its liquidation preference, compared to the sector average discount of 14.17%.
On the same day, common shares (Symbol: PMT) saw an increase of approximately 1.9%, while PMT.PRB remained flat in trading. The annualized dividend for PMT.PRB is set at $2.00.
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