Pennymac Mortgage Investment Trust's Series B Preferred Shares Cross 8% Yield Mark

In trading on Thursday, shares of Pennymac Mortgage Investment Trust's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (PMT. RB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.95 on the day.