PennyMac Mortgage Investment Trust to Issue Quarterly Dividend of $0.40 (NYSE:PMT)

PennyMac Mortgage Investment Trust (NYSE:PMT) announced a quarterly dividend on Wednesday, March 11th. Investors of record on Thursday, April 9th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Thursday, April 9th.

PennyMac Mortgage Investment Trust has raised its dividend payment by an average of 0.0%annually over the last three years. PennyMac Mortgage Investment Trust has a payout ratio of 101.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect PennyMac Mortgage Investment Trust to earn $1.61 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 99.4%.

PennyMac Mortgage Investment Trust Stock Down 0.0%

Shares of NYSE PMT opened at $11.89 on Thursday. PennyMac Mortgage Investment Trust has a 1 year low of $11.35 and a 1 year high of $14.88. The firm’s 50 day moving average price is $12.61 and its 200 day moving average price is $12.48. The company has a debt-to-equity ratio of 6.55, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $1.03 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. PennyMac Mortgage Investment Trust had a return on equity of 9.53% and a net margin of 41.59%.The firm had revenue of $0.15 million for the quarter, compared to the consensus estimate of $96.96 million. As a group, sell-side analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.