On September 1, 2026, Pennymac Mortgage Investment Trust’s 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares (Symbol: PMT.PRB) will trade ex-dividend for a quarterly dividend of $0.50, payable on September 15, 2026. This dividend represents approximately 2.18% of PMT.PRB’s recent share price of $22.98, suggesting that shares may open lower by the same percentage that day. The annualized yield is around 8.70%, exceeding the average yield of 8.08% in the Real Estate preferred stock category.
As of the latest trading, PMT.PRB shares are flat, while the common shares (Symbol: PMT) have risen by approximately 0.4%. Additionally, PMT constitutes 3.30% of the Invesco KBW High Dividend Yield Financial ETF (KBWD).
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