PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.
PennyMac Mortgage Investment Trust Dividend Announcement
• PennyMac Mortgage Investment Trust announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-11
• PennyMac Mortgage Investment Trust annual dividend for 2024 was $1.20
• PennyMac Mortgage Investment Trust annual dividend for 2023 was $1.60
• PennyMac Mortgage Investment Trust's trailing twelve-month (TTM) dividend yield is 14.9%
• PennyMac Mortgage Investment Trust's payout ratio for the trailing twelve months (TTM) is 116.46%
• PennyMac Mortgage Investment Trust's dividend growth over the last five years (2018-2023) was -3.17% year
• PennyMac Mortgage Investment Trust's dividend growth over the last ten years (2013-2023) was -3.48% year
PennyMac Mortgage Investment Trust Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-11 | $0.40 | quarterly | 2024-10-25 |
2024-07-12 | $0.40 | quarterly | 2024-07-26 |
2024-04-11 | $0.40 | quarterly | 2024-04-26 |
2023-12-28 | $0.40 | quarterly | 2024-01-26 |
2023-10-12 | $0.40 | quarterly | 2023-10-27 |
2023-07-13 | $0.40 | quarterly | 2023-07-28 |
2023-04-13 | $0.40 | quarterly | 2023-04-28 |
2022-12-29 | $0.40 | quarterly | 2023-01-27 |
2022-10-13 | $0.47 | quarterly | 2022-10-28 |
2022-07-13 | $0.47 | quarterly | 2022-07-28 |
2022-04-13 | $0.47 | quarterly | 2022-04-28 |
2021-12-30 | $0.47 | quarterly | 2022-01-31 |
2021-10-14 | $0.47 | quarterly | 2021-10-28 |
2021-07-14 | $0.47 | quarterly | 2021-07-29 |
2021-04-14 | $0.47 | quarterly | 2021-04-29 |
2020-12-30 | $0.47 | quarterly | 2021-01-29 |
2020-10-14 | $0.40 | quarterly | 2020-10-30 |
2020-07-14 | $0.40 | quarterly | 2020-07-30 |
2020-04-14 | $0.25 | quarterly | 2020-04-30 |
2019-12-30 | $0.47 | quarterly | 2020-01-30 |
2019-10-10 | $0.47 | quarterly | 2019-10-30 |
2019-07-12 | $0.47 | quarterly | 2019-07-30 |
2019-04-12 | $0.47 | quarterly | 2019-04-29 |
2018-12-28 | $0.47 | quarterly | 2019-01-28 |
2018-10-12 | $0.47 | quarterly | 2018-10-30 |
2018-07-12 | $0.47 | quarterly | 2018-07-30 |
2018-04-12 | $0.47 | quarterly | 2018-04-27 |
2017-12-28 | $0.47 | quarterly | 2018-01-26 |
2017-10-12 | $0.47 | quarterly | 2017-10-30 |
2017-07-11 | $0.47 | quarterly | 2017-07-27 |
2017-04-11 | $0.47 | quarterly | 2017-04-27 |
2016-12-28 | $0.47 | quarterly | 2017-01-27 |
2016-10-05 | $0.47 | quarterly | 2016-10-27 |
2016-07-12 | $0.47 | quarterly | 2016-07-28 |
2016-04-08 | $0.47 | quarterly | 2016-04-28 |
2015-12-23 | $0.47 | quarterly | 2016-01-28 |
2015-10-13 | $0.47 | quarterly | 2015-10-29 |
2015-07-14 | $0.61 | quarterly | 2015-07-30 |
2015-04-13 | $0.61 | quarterly | 2015-04-29 |
2014-12-26 | $0.61 | quarterly | 2015-01-16 |
2014-10-10 | $0.61 | quarterly | 2014-10-30 |
2014-07-11 | $0.59 | quarterly | 2014-07-30 |
2014-04-14 | $0.59 | quarterly | 2014-04-30 |
2014-01-08 | $0.59 | quarterly | 2014-01-28 |
2013-11-13 | $0.57 | quarterly | 2013-11-29 |
2013-08-15 | $0.57 | quarterly | 2013-08-30 |
2013-05-14 | $0.57 | quarterly | 2013-05-31 |
2013-02-19 | $0.57 | quarterly | 2013-03-01 |
PennyMac Mortgage Investment Trust Dividend per year
PennyMac Mortgage Investment Trust Dividend growth
PennyMac Mortgage Investment Trust Dividend Yield
PennyMac Mortgage Investment Trust current trailing twelve-month (TTM) dividend yield is 14.9%. Interested in purchasing PennyMac Mortgage Investment Trust stock? Use our calculator to estimate your expected dividend yield:
PennyMac Mortgage Investment Trust Financial Ratios
PennyMac Mortgage Investment Trust Dividend FAQ
Other factors to consider when evaluating PennyMac Mortgage Investment Trust 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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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.
1. Determination of Dividend: PennyMac Mortgage Investment Trust'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 Mortgage Investment Trust 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 Mortgage Investment Trust 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 Mortgage Investment Trust 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 Mortgage Investment Trust 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 Mortgage Investment Trust 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 Mortgage Investment Trust 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 Mortgage Investment Trust'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 Mortgage Investment Trust'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.