Consider This 8.2%-Yielding Preferred Stock

This company's preferred stock is an interesting alternative to the mortgage REIT's common stock. The preferred stock Series-A offers income investors a mix of fixed and floating-rate dividend payments. The preferred stock is considerably less volatile than the common stock. An investment in the preferred stock layer comes with a dividend yield of 8.2 percent.

PennyMac Mortgage Investment Trust (PMT) is a mortgage REIT whose common stock throws off a dividend yield of 8.9 percent. Investors who want to dial down investment risk, however, have the opportunity to invest in the mortgage REIT's preferred stock layer, which provides income investors with attractive dividend income as well. The preferred stock discussed in this article also has a much higher degree of principal safety than the common shares. An investment in the discussed preferred stock yields 8.2 percent.

Source: Seeking Alpha

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