On 2/26/14, AG Mortgage Investment Trust Inc's 8.25% Series A Cumulative Redeemable Preferred Stock (MITT.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 3/17/14. As a percentage of MITT.PRA's recent share price of $24.11, this dividend works out to approximately 2.14%, so look for shares of MITT.PRA to trade 2.14% lower — all else being equal — when MITT.PRA shares open for trading on 2/26/14. On an annualized basis, the current yield is approximately 8.61%, which compares to an average yield of 7.46% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
AG Mortgage Investment Trust Series A Cumulative Redeemable Preferred Stock Ex-Dividend Reminder
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