Yesterday, Fannie Mae 8.235% PFD T (OTC:FNMAT) stock landed down. Being traded on the OTC market since the end of June, FNMAT pulled 0.28% back on an unprecedented volume.
During the session, more than 2.6 million shares changed hands. This was the first volume record of FNMAT on the OTC “floor”.
While FNMAT was landing, the common stock of Fannie Mae (OTC: FNMA) was traded as usually with no significant changes. The company has not made any press releases or other announcements that could explain the huge FNMAT volume traded.
Even more, comparing the performance of the two securities FNMAT and FNMA shows, that FNMAT may have some advantages. They may convince investors to include the preferred Stock 8.25% Series T Pfd Fannie Mae (FNMAT) in their portfolio, along with the company’s common stock (FNMA).[BANNER]
FNMAT has a 133% change of the 52-week low at $0.15 per share, while FNMA’s change of the 52-week low is 95% at $0.19. The percentage change of the 52-week low is calculated from the current last sale. This means, that the stock might be trading at a discount, or a growth in the stock price is expected.
There is one more interesting fact for the landing FNMAT. The annualized dividend of FNMAT is $2.06, while this for FNMA is $0.20.
FNMAT has a much higher dividend yield, which is 589.29. The dividend yield of FNMA is 55.39.
According to Investopedia.com, the dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its share price. The higher the dividend yield the more likely an investor would select that stock.
