News

We provide the latest news
from the world of economics and finance

Back
26 February
Ex-Div Reminder for AG Mortgage Investment Trust Series B Cumulative Redeemable Preferred Stock

On 2/28/24, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/18/24. As a percentage of MITT.PRB's recent share price of $19.43, this dividend works out to approximately 2.57%, so look for shares of MITT.PRB to trade 2.57% lower — all else being equal — when MITT.PRB shares open for trading on 2/28/24. On an annualized basis, the current yield is approximately 10.27%, which compares to an average yield of 7.76% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of MITT.PRB shares, versus MITT:

Below is a dividend history chart for MITT.PRB, showing historical dividends prior to the most recent $0.50 on AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock:

MITT.PRB+Dividend+History+Chart

Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: MITT) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

CCIV Options Chain
TAYD Insider Buying
American Water Works shares outstanding history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.