Cherry Hill Mortgage Investment Co. (NYSE:CHMI) to Issue $0.15 Quarterly Dividend

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, January 31st. This represents a $0.60 annualized dividend and a dividend yield of 22.56%. The ex-dividend date is Tuesday, December 31st.

Cherry Hill Mortgage Investment has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Cherry Hill Mortgage Investment to earn $0.62 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 96.8%.

Cherry Hill Mortgage Investment Stock Up 1.9 %

Shares of Cherry Hill Mortgage Investment stock traded up $0.05 during trading on Friday, reaching $2.66. 263,199 shares of the company were exchanged, compared to its average volume of 207,093. The firm has a market capitalization of $84.11 million, a price-to-earnings ratio of -1.75 and a beta of 1.39. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $4.39. The business has a 50-day moving average price of $3.04 and a 200-day moving average price of $3.45.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The business had revenue of $14.33 million during the quarter. During the same period in the prior year, the business earned $0.16 EPS. On average, equities research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.