Cherry Hill Mortgage Investment Co. Plans Quarterly Dividend of $0.15 (NYSE:CHMI)

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) announced a quarterly dividend on Friday, September 13th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.89%. The ex-dividend date is Monday, September 30th.

Cherry Hill Mortgage Investment has a payout ratio of 68.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cherry Hill Mortgage Investment to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 66.7%.

Cherry Hill Mortgage Investment Stock Up 0.9 %

Shares of NYSE CHMI opened at $3.78 on Friday. Cherry Hill Mortgage Investment has a 12-month low of $2.77 and a 12-month high of $4.39. The firm’s 50-day simple moving average is $3.62 and its 200 day simple moving average is $3.61. The company has a market cap of $113.33 million, a price-to-earnings ratio of -7.40 and a beta of 1.46.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The company had revenue of $13.68 million for the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. During the same quarter last year, the firm earned $0.16 EPS. On average, equities analysts expect that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.