During Friday’s trading session, the 6.75% Series C Cumulative Preferred Shares (Symbol: PMT.PRC) of Pennymac Mortgage Investment Trust achieved a yield surpassing the 8.5% mark, driven by its quarterly dividend, which annualizes to $1.6875. The shares exchanged hands at a low of $19.78, showcasing an impressive performance. This yield comparison against the preferred stock category average of 7.82% as reported by Preferred Stock Channel indicates a strong position. At the last close, PMT.PRC was trading at a significant 20.32% discount to its liquidation preference amount, far exceeding the average discount of 13.30% in the “Real Estate” category. The uptrend in yields presents new opportunities for investors amidst the evolving market dynamics.

Here’s a comparative view of the one-year performance of PMT.PRC shares against PMT:

Delving into the historical context, the dividend history chart for PMT.PRC demonstrates the trajectory of dividend payments on Pennymac Mortgage Investment Trust’s 6.75% Series C Cumulative Preferred Shares:

In Friday’s trading, the 6.75% Series C Cumulative Preferred Shares (Symbol: PMT.PRC) of Pennymac Mortgage Investment Trust are currently up approximately 0.4% for the day. In contrast, the common shares (Symbol: PMT) are marginally down by about 0.1%. This divergence emphasizes the standout performance of the preferred shares as part of a comprehensive investment strategy amidst market movements and sentiment.

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