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 2024-08-23. Ex dividend date: 2024-08-13
• PennyMac Financial Services annual dividend for 2024 was $0.70
• PennyMac Financial Services annual dividend for 2023 was $0.80
• PennyMac Financial Services's trailing twelve-month (TTM) dividend yield is 1.13%
• PennyMac Financial Services's payout ratio for the trailing twelve months (TTM) is 21.33%
• 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 |
|---|---|---|---|
| 2024-08-13 | $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 1.13%. Interested in purchasing PennyMac Financial Services stock? Use our calculator to estimate your expected dividend yield:
PennyMac Financial Services Financial Ratios
P/E ratio27.93
PEG ratio1.62
P/B ratio1.48
ROE5.40%
Payout ratio21.33%
Current ratio1.56
Quick ratio1.56
Cash Ratio0.08
PennyMac Financial Services Dividend FAQ
How much is the next PennyMac Financial Services dividend?
PennyMac Financial Services's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next PennyMac Financial Services dividend. The next PennyMac Financial Services dividend will be released in February, May, August, or November.
When is PennyMac Financial Services dividend paid?
PennyMac Financial Services pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does PennyMac Financial Services pay?
The specific amount of PennyMac Financial Services dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find PennyMac Financial Services's dividend history.
Does PennyMac Financial Services stock pay dividends?
Yes, PennyMac Financial Services does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find PennyMac Financial Services's dividend history.
How much dividend does PennyMac Financial Services pay?
PennyMac Financial Services paid $0.7 in 2024, $0.8 in 2023, $0.8 in 2022, $0.8 in 2021, and $0.54 in 2020.
How often does PennyMac Financial Services pay dividends?
PennyMac Financial Services typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is PennyMac Financial Services's dividend yield?
The current dividend yield for PennyMac Financial Services is 1.13%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate PennyMac Financial Services's exact dividend yield.
When does PennyMac Financial Services go ex dividend?
PennyMac Financial Services's ex-dividend date for the latest dividend was on 2024-08-13. PennyMac Financial Services typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next PennyMac Financial Services dividend paid?
PennyMac Financial Services pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will PennyMac Financial Services increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether PennyMac Financial Services will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is PennyMac Financial Services dividend per share?
PennyMac Financial Services paid $0.7 per share in 2024 and $0.8 per share in 2023. The amount of dividend per share that PennyMac Financial Services pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is PennyMac Financial Services a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is PennyMac Financial Services a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is PennyMac Financial Services a dividend stock?
Yes, PennyMac Financial Services is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is PennyMac Financial Services a good dividend stock?
Whether PennyMac Financial Services is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. PennyMac Financial Services has a history of paying regular dividends, which can make it attractive to income-focused investors.
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.
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.
Does PennyMac Financial Services pay dividends monthly?
PennyMac Financial Services typically pays dividends on a quarterly basis.
Does PennyMac Financial Services pay dividends quarterly?
PennyMac Financial Services currently pays dividends on a quarterly basis.
Has PennyMac Financial Services ever paid a dividend?
Yes, PennyMac Financial Services has a history of paying dividends to its shareholders. PennyMac Financial Services is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy PennyMac Financial Services dividend stocks?
To buy PennyMac Financial Services you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy PennyMac Financial Services stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy PennyMac Financial Services stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does PennyMac Financial Services pay dividends 2024?
PennyMac Financial Services pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-23. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will PennyMac Financial Services increase its dividend in 2024?
Decisions regarding PennyMac Financial Services dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date PennyMac Financial Services dividend overview you can look into the above table of dividend history.
How PennyMac Financial Services dividend works?
The PennyMac Financial Services dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how PennyMac Financial Services's dividend process works:
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. 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.
How are PennyMac Financial Services dividends paid?
PennyMac Financial Services dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
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.
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.
How many times does PennyMac Financial Services pay dividends?
PennyMac Financial Services typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does PennyMac Financial Services pay dividends?
The general pattern is that PennyMac Financial Services pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is PennyMac Financial Services dividend safe?
The safety of PennyMac Financial Services's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
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.
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.