Pennymac Mortgage Investment Trust's Series A Preferred Shares Cross 8.5% Yield Mark
September 21, 2020 at 14:17 PM EDT
In trading on Monday, shares of Pennymac Mortgage Investment Trust's 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (PMT. RA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0313), with shares changing hands as low as $23.40 on the day.