Cherry Hill Mortgage Investment Corporation Announces Quarterly Dividend of $0.10 (NYSE:CHMI)

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

Cherry Hill Mortgage Investment has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Cherry Hill Mortgage Investment has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. 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 Down 0.5%

Shares of CHMI stock opened at $2.90 on Friday. The stock has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.56. The stock has a market capitalization of $107.34 million, a P/E ratio of 16.14 and a beta of 0.97. Cherry Hill Mortgage Investment has a fifty-two week low of $2.17 and a fifty-two week high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $7.88 million during the quarter, compared to the consensus estimate of $10.75 million. Cherry Hill Mortgage Investment had a net margin of 26.43% and a return on equity of 21.74%. On average, sell-side analysts anticipate that Cherry Hill Mortgage Investment will post 0.59 earnings per share for the current year.

Cherry Hill Mortgage Investment Company Profile

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.