PennyMac Financial Services, Inc. (PFSI) To Go Ex-Dividend on February 13th

PennyMac Financial Services, Inc. (NYSE:PFSI) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Monday, February 16th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 13th.

PennyMac Financial Services has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. PennyMac Financial Services has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect PennyMac Financial Services to earn $16.15 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.4%.

PennyMac Financial Services Stock Down 0.3%

PFSI stock opened at $94.48 on Wednesday. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.54 and a beta of 1.55. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.36 and a current ratio of 0.36. The business’s 50-day moving average is $132.03 and its two-hundred day moving average is $123.14. PennyMac Financial Services has a fifty-two week low of $85.74 and a fifty-two week high of $160.36.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $1.97 EPS for the quarter, missing the consensus estimate of $3.23 by ($1.26). The business had revenue of $538.01 million for the quarter, compared to analysts’ expectations of $639.81 million. PennyMac Financial Services had a net margin of 24.48% and a return on equity of 10.36%. PennyMac Financial Services’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. As a group, analysts forecast that PennyMac Financial Services will post 13.77 earnings per share for the current year.

About PennyMac Financial Services

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.