Capstead Mortgage's Preferred Stock, Series B Shares Cross 9% Yield Mark

In trading on Thursday, shares of Capstead Mortgage Corp.'s $1.26 Cumulative Convertible Preferred Stock, Series B (NYSE: CMO.PRB) were yielding above the 9% mark based on its monthly dividend (annualized to $1.26), with shares changing hands as low as $11.43 on the day. This compares to an average yield of 6.21% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CMO.PRB was trading at a 16.32% premium to its liquidation preference amount, vers...