AG Mortgage Investment Trust's Series B Preferred Stock Crosses Above 8% Yield Territory

In trading on Wednesday, shares of AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock ( MITT.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.65 on the day. This compares to an average yield of 7.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 0.84% premium to its liquidation preference amount, versus the average premium of 3.03% in the "Real Estate" category.

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The chart below shows the one year performance of MITT.PRB shares, versus MITT:

Performance Comparison Chart

Below is a dividend history chart for MITT.PRB, showing historical dividend payments on AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock:

MITT.PRB+Dividend+History+Chart

In Wednesday trading, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock ( MITT.PRB) is currently up about 0.6% on the day, while the common shares ( MITT) are up about 0.8%.

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