Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Free Report) 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.
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.
Read Our Latest Stock Analysis on CHMI
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.
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