Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Rating) announced a quarterly dividend on Thursday, March 16th, Zacks reports. Stockholders of record on Friday, March 31st will be given a dividend of 0.27 per share by the real estate investment trust on Tuesday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 19.71%. The ex-dividend date of this dividend is Thursday, March 30th.
Cherry Hill Mortgage Investment has decreased its dividend by an average of 15.3% per year over the last three years. Cherry Hill Mortgage Investment has a dividend payout ratio of 100.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cherry Hill Mortgage Investment to earn $1.07 per share next year, which means the company may not be able to cover its $1.08 annual dividend with an expected future payout ratio of 100.9%.
Cherry Hill Mortgage Investment Stock Up 2.2 %
NYSE CHMI opened at $5.48 on Friday. The stock has a market capitalization of $136.44 million, a P/E ratio of 6.94 and a beta of 1.26. Cherry Hill Mortgage Investment has a 52-week low of $4.58 and a 52-week high of $8.33. The firm has a 50-day moving average price of $6.53 and a 200 day moving average price of $6.04.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Friday, March 10th.
About Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment. It also invests in agency residential mortgage backed securities, prime jumbo mortgage loans and other residential mortgage assets.
- Get a free copy of the StockNews.com research report on Cherry Hill Mortgage Investment (CHMI)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.