PennyMac Financial Services, Inc. (PFSI) to Issue Quarterly Dividend of $0.30 on May 28th

PennyMac Financial Services, Inc. (NYSE:PFSI) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, May 18th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, May 18th.

PennyMac Financial Services has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. PennyMac Financial Services has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PennyMac Financial Services to earn $16.32 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 7.4%.

PennyMac Financial Services Trading Down 0.5%

PFSI opened at $87.01 on Thursday. The company has a fifty day moving average price of $89.19 and a two-hundred day moving average price of $113.48. PennyMac Financial Services has a 1-year low of $82.65 and a 1-year high of $160.36. The company has a market cap of $4.54 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.32.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). The company had revenue of $544.98 million for the quarter, compared to the consensus estimate of $546.17 million. PennyMac Financial Services had a return on equity of 11.02% and a net margin of 23.47%.PennyMac Financial Services’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. Analysts predict that PennyMac Financial Services will post 12.05 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.