PennyMac Financial Services, Inc. (NYSE:PFSI) Declares $0.30 Quarterly Dividend

PennyMac Financial Services, Inc. (NYSE:PFSI) declared a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 17th will be paid a dividend of 0.30 per share by the real estate investment trust on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th.

PennyMac Financial Services has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. PennyMac Financial Services has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect PennyMac Financial Services to earn $11.28 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 10.6%.

PennyMac Financial Services Price Performance

Shares of NYSE PFSI opened at $78.10 on Friday. The firm has a market cap of $4.06 billion, a P/E ratio of 10.73, a PEG ratio of 0.74 and a beta of 1.45. PennyMac Financial Services has a twelve month low of $71.68 and a twelve month high of $160.36. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 3.22. The company has a 50 day moving average of $81.68 and a 200 day moving average of $88.30.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $1.39 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.72). PennyMac Financial Services had a net margin of 17.74% and a return on equity of 11.18%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 EPS. As a group, research analysts expect that PennyMac Financial Services will post 7.42 EPS for the current fiscal year.

PennyMac Financial Services Company Profile

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.