On 2/25/15, 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 3/17/15. As a percentage of MITT.PRA's recent share price of $25.52, this dividend works out to approximately 2.02%, so look for shares of MITT.PRA to trade 2.02% lower — all else being equal — when MITT.PRA shares open for trading on 2/25/15. On an annualized basis, the current yield is approximately 8.08%, which compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, MITT.PRA was trading at a 2.12% premium to its liquidation preference amount, versus the average premium of 4.07% in the "Real Estate" category. 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 trading flat on the day, while the common shares ( MITT) are off about 0.2%.
HOST // Robert Powell
Retirement Planning Event
More from Stocks
Stocks Edge Higher, Taking Cues From Bond Markets, As US Curve Remains Inverted
Global stocks edged cautiously higher Tuesday, with investors taking cues from fixed income markets, as concerns over the pace of growth in the world's largest economy, as well as political and trade uncertainty in Europe and Asia, continue to dampen sentiment.
'A Billion Pockets': Apple's Installed Base Is the Real Star of Its Service Push
Apple brought out some of Hollywood's heavy hitters to show off its new services offerings, which included Apple TV+, Apple TV Channels, Apple News+ and Apple Card. But for investors, the real draw may be Apple's 1.4 billion installed base.
Nike Shares Active as Extortion Charges Brought Against Lawyer Michael Avenatti
Nike shares were active Monday after the U.S. Justice Department said it would charge controversial attorney Michael Avenatti with charges of extortion just minutes after he tweeted about exposing a "major high school basketball scandal" linked to the world's biggest sportswear company.
Bears Unable to Build Momentum Off Yield Curve Issue
At this juncture the action is looking like nothing more than a routine pullback of an extended market.