PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment engages in the servicing of newly originated loans, and execution and management of early buyout transactions and servicing of loans. It performs loan administration, collection, and default management activities, including the collection and remittance of loan payments, response to customer inquiries, accounting for principal and interest, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent borrowers, and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.
PennyMac Financial Services Dividend Announcement
• PennyMac Financial Services announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-18
• PennyMac Financial Services annual dividend for 2024 was $1.00
• PennyMac Financial Services annual dividend for 2023 was $0.80
• PennyMac Financial Services's trailing twelve-month (TTM) dividend yield is 0.94%
• PennyMac Financial Services's payout ratio for the trailing twelve months (TTM) is 27.47%
• PennyMac Financial Services's dividend growth over the last five years (2018-2023) was 14.87% year
PennyMac Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-18 | $0.30 | quarterly | 2024-11-27 |
2024-08-13 | $0.30 | quarterly | 2024-08-23 |
2024-05-13 | $0.20 | quarterly | 2024-05-24 |
2024-02-12 | $0.20 | quarterly | 2024-02-23 |
2023-11-10 | $0.20 | quarterly | 2023-11-22 |
2023-08-14 | $0.20 | quarterly | 2023-08-25 |
2023-05-15 | $0.20 | quarterly | 2023-05-26 |
2023-02-13 | $0.20 | quarterly | 2023-02-24 |
2022-11-10 | $0.20 | quarterly | 2022-11-23 |
2022-08-15 | $0.20 | quarterly | 2022-08-26 |
2022-05-16 | $0.20 | quarterly | 2022-05-27 |
2022-02-14 | $0.20 | quarterly | 2022-02-25 |
2021-11-12 | $0.20 | quarterly | 2021-11-24 |
2021-08-13 | $0.20 | quarterly | 2021-08-26 |
2021-05-14 | $0.20 | quarterly | 2021-05-27 |
2021-02-11 | $0.20 | quarterly | 2021-02-25 |
2020-11-13 | $0.15 | quarterly | 2020-11-25 |
2020-08-14 | $0.15 | quarterly | 2020-08-28 |
2020-05-15 | $0.12 | quarterly | 2020-05-28 |
2020-02-13 | $0.12 | quarterly | 2020-02-27 |
2019-11-14 | $0.12 | quarterly | 2019-11-29 |
2018-08-10 | $0.40 | quarterly | 2018-08-30 |
PennyMac Financial Services Dividend per year
PennyMac Financial Services Dividend growth
PennyMac Financial Services Dividend Yield
PennyMac Financial Services current trailing twelve-month (TTM) dividend yield is 0.94%. Interested in purchasing PennyMac Financial Services stock? Use our calculator to estimate your expected dividend yield:
PennyMac Financial Services Financial Ratios
PennyMac Financial Services Dividend FAQ
Other factors to consider when evaluating PennyMac Financial Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: PennyMac Financial Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PennyMac Financial Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PennyMac Financial Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PennyMac Financial Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: PennyMac Financial Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PennyMac Financial Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PennyMac Financial Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of PennyMac Financial Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PennyMac Financial Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.