Cherry Hill Mortgage Investment Co. Plans Quarterly Dividend of $0.15 (NYSE:CHMI)

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

Cherry Hill Mortgage Investment has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 NYSE CHMI opened at $2.66 on Friday. The business has a 50-day moving average price of $3.04 and a 200 day moving average price of $3.45. The stock has a market cap of $84.11 million, a PE ratio of -1.75 and a beta of 1.39. Cherry Hill Mortgage Investment has a 52-week low of $2.50 and a 52-week high of $4.39.

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

Analysts Set New Price Targets

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