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26 February
Ex-Div Reminder for AG Mortgage Investment Trust Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

On 2/28/24, AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: MITT.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/18/24. As a percentage of MITT.PRC's recent share price of $23.94, this dividend works out to approximately 2.09%, so look for shares of MITT.PRC to trade 2.09% lower — all else being equal — when MITT.PRC shares open for trading on 2/28/24. On an annualized basis, the current yield is approximately 8.39%, 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.PRC shares, versus MITT:

Below is a dividend history chart for MITT.PRC, showing historical dividends prior to the most recent $0.50 on AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:

MITT.PRC+Dividend+History+Chart

In Monday trading, AG Mortgage Investment Trust Inc's 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: MITT.PRC) is currently up about 0.4% on the day, while the common shares (Symbol: MITT) are off about 0.8%.

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

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