Pennymac Mortgage Investment Trust's Series B Preferred Shares Crosses Above 7.5% Yield Territory
February 14, 2020 at 14:09 PM EST
In trading on Friday, shares of Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (PMT. RB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.64 on the day.