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Pennymac Mortgage Investment Trust's Series C Preferred Shares Crosses Above 9.5% Yield Territory

Banking & LiquidityCredit & Bond MarketsInvestor Sentiment & PositioningCompany Fundamentals

Pennymac Mortgage Investment Trust’s 6.75% Series C preferred (PMT.PRC) traded yielding above 9.5%, implying an annualized dividend of $1.6875. Shares were seen as low as $17.73 during the session, suggesting a market pricing-in of elevated risk versus the coupon.

Analysis

Pennymac Mortgage Investment Trust’s 6.75% Series C preferred (PMT.PRC) traded yielding above 9.5%, implying an annualized dividend of $1.6875. Shares were seen as low as $17.73 during the session, suggesting a market pricing-in of elevated risk versus the coupon.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

PMTU0.05

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