Cherry Hill Mortgage Investment Corporation (CHMI) To Go Ex-Dividend on June 30th

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 16.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

Cherry Hill Mortgage Investment has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Cherry Hill Mortgage Investment has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cherry Hill Mortgage Investment to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 66.7%.

Cherry Hill Mortgage Investment Stock Up 2.0%

NYSE CHMI opened at $2.48 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $2.17 and a twelve month high of $3.04. The business has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.58. The firm has a market cap of $91.04 million, a price-to-earnings ratio of 22.53 and a beta of 0.93.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.64 million for the quarter, compared to the consensus estimate of $10.30 million. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. Research analysts expect that Cherry Hill Mortgage Investment will post 0.57 EPS for the current fiscal year.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.