Cherry Hill Mortgage Investment Corporation (CHMI) to Issue Quarterly Dividend of $0.10 on April 30th

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Thursday, March 12th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 15.7%. The ex-dividend date is Tuesday, March 31st.

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 every year for the last 1 years. Cherry Hill Mortgage Investment has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cherry Hill Mortgage Investment to earn $0.59 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 67.8%.

Cherry Hill Mortgage Investment Trading Down 7.1%

CHMI opened at $2.55 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $2.17 and a twelve month high of $3.58. The firm has a market cap of $93.50 million, a price-to-earnings ratio of -19.58 and a beta of 1.03. The company has a fifty day simple moving average of $2.66 and a 200 day simple moving average of $2.55.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $11.76 million for the quarter, compared to analyst estimates of $2.45 million. Cherry Hill Mortgage Investment had a net margin of 7.28% and a return on equity of 16.21%. On average, analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal 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.