PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.
PennyMac Mortgage Investment Tr Dividend Announcement
• PennyMac Mortgage Investment Tr announced a quarterly dividend of $0.53 per ordinary share which will be made payable on 2024-12-30. Ex dividend date: 2024-12-13
• PennyMac Mortgage Investment Tr annual dividend for 2024 was $2.12
• PennyMac Mortgage Investment Tr annual dividend for 2023 was $0.58
• PennyMac Mortgage Investment Tr's trailing twelve-month (TTM) dividend yield is 10.49%
• PennyMac Mortgage Investment Tr's payout ratio for the trailing twelve months (TTM) is 116.63%
PennyMac Mortgage Investment Tr Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-13 | $0.53 | quarterly | 2024-12-30 |
| 2024-09-13 | $0.53 | quarterly | 2024-09-30 |
| 2024-06-14 | $0.53 | quarterly | 2024-07-01 |
| 2024-03-14 | $0.53 | quarterly | 2024-04-01 |
| 2023-12-14 | $0.58 | quarterly | 2024-01-02 |
PennyMac Mortgage Investment Tr Dividend per year
PennyMac Mortgage Investment Tr Dividend Yield
PennyMac Mortgage Investment Tr current trailing twelve-month (TTM) dividend yield is 10.49%. Interested in purchasing PennyMac Mortgage Investment Tr stock? Use our calculator to estimate your expected dividend yield:
PennyMac Mortgage Investment Tr Financial Ratios
PennyMac Mortgage Investment Tr Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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