Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Announces Quarterly Dividend of $0.10

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Cherry Hill Mortgage Investment has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Cherry Hill Mortgage Investment has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cherry Hill Mortgage Investment to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 66.7%.

Cherry Hill Mortgage Investment Stock Performance

CHMI stock opened at $2.37 on Friday. The firm has a market cap of $86.89 million, a PE ratio of 21.50 and a beta of 0.93. The firm’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.58. Cherry Hill Mortgage Investment has a one year low of $2.17 and a one year high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $4.64 million for the quarter, compared to analyst estimates of $10.30 million. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. Equities research analysts predict that Cherry Hill Mortgage Investment will post 0.57 EPS for the current fiscal year.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.