The 6.75% preferred shares offer a forward yield of 9.21% with the dividend payable June 15 to June 1 record holders.
PennyMac Mortgage Investment Trust’s 6.75% Series C preferred shares (PMT.PR.C) announced a $0.4219 per share quarterly dividend. The payout equates to a forward yield of 9.21% based on current pricing.
The dividend is payable on June 15 to shareholders of record as of June 1, with an ex-dividend date set for June 1. The company’s preferred shares have maintained a consistent dividend schedule in prior quarters.
No immediate market reaction was disclosed following the announcement.