PennyMac Financial Services, Inc. (NYSE:PFSI) to Issue Quarterly Dividend of $0.30

PennyMac Financial Services, Inc. (NYSE:PFSI) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, February 16th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, February 13th.

PennyMac Financial Services has increased its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 1 years. PennyMac Financial Services has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PennyMac Financial Services to earn $16.15 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.4%.

PennyMac Financial Services Price Performance

NYSE PFSI traded down $53.85 during trading hours on Friday, reaching $95.86. The company’s stock had a trading volume of 1,512,928 shares, compared to its average volume of 503,308. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.67 and a beta of 1.57. PennyMac Financial Services has a 1-year low of $85.74 and a 1-year high of $160.36. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.36 and a quick ratio of 0.36. The company’s 50-day moving average is $137.97 and its two-hundred day moving average is $123.00.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $1.97 EPS for the quarter, missing the consensus estimate of $3.23 by ($1.26). The business had revenue of $538.01 million during the quarter, compared to analyst estimates of $639.81 million. PennyMac Financial Services had a net margin of 25.21% and a return on equity of 11.69%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. On average, equities analysts predict that PennyMac Financial Services will post 13.77 EPS for the current year.

About PennyMac Financial Services

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.