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.
As of last close, MITT.PRA was trading at a 4.16% discount to its liquidation preference amount. The chart below shows the one year performance of MITT.PRA shares, versus MITT:
Below is a dividend history chart for MITT.PRA, showing historical dividends prior to the most recent $0.5156 on AG Mortgage Investment Trust Inc's 8.25% Series A Cumulative Redeemable Preferred Stock :
In Monday trading, AG Mortgage Investment Trust Inc's 8.25% Series A Cumulative Redeemable Preferred Stock (MITT.PRA) is currently up about 0.6% on the day, while the common shares (MITT) are up about 0.8%.