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

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 22.56%. The ex-dividend date of this dividend is Tuesday, December 31st.

Cherry Hill Mortgage Investment has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of CHMI traded up $0.05 during trading hours on Friday, reaching $2.66. The company’s stock had a trading volume of 263,199 shares, compared to its average volume of 207,093. The company has a 50 day moving average of $3.06 and a two-hundred day moving average of $3.45. Cherry Hill Mortgage Investment has a 1-year low of $2.50 and a 1-year high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $14.33 million during the quarter. During the same period last year, the firm posted $0.16 EPS. Equities research analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.