In trading on Wednesday, shares of AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE: MITT.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.76), with shares changing hands as low as $25.10 on the day. This compares to an average yield of 6.62% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 0.96% premium to its liquidation preference a...
AG Mortgage Investment Trust's Series B Preferred Stock Cross 7% Yield Mark
Forbes - 23 Jan 2013 23:14
In trading on Wednesday, shares of AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE: MITT.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.76), with shares changing hands as low as $25.10 on the day. This compares to an average yield of 6.62% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 0.96% premium to its liquidation preference a...
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