Apollo Residential Mortgage's Series A Preferred Stock Crosses Above 8% Yield Territory
March 25, 2015 at 14:46 PM EDT
In trading on Wednesday, shares of Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (AMTG. RA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.93 on the day.