PennyMac Mortgage Investment Trust (NYSE:PMT) Plans Quarterly Dividend of $0.40

PennyMac Mortgage Investment Trust (NYSE:PMT) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, October 8th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date is Thursday, October 8th.

PennyMac Mortgage Investment Trust has raised its dividend by an average of 0.0%annually over the last three years. PennyMac Mortgage Investment Trust has a payout ratio of 101.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect PennyMac Mortgage Investment Trust to earn $1.32 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 121.2%.

PennyMac Mortgage Investment Trust Price Performance

Shares of PMT traded up $0.27 during trading hours on Wednesday, hitting $9.51. 889,078 shares of the stock were exchanged, compared to its average volume of 1,272,299. The company has a debt-to-equity ratio of 9.18, a quick ratio of 1.46 and a current ratio of 1.46. PennyMac Mortgage Investment Trust has a 12-month low of $9.05 and a 12-month high of $13.81. The company has a market cap of $828.86 million, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.14. The stock’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $10.82.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The firm had revenue of ($46.00) million during the quarter, compared to analysts’ expectations of $93.93 million. PennyMac Mortgage Investment Trust had a net margin of 47.79% and a return on equity of 12.50%. Research analysts expect that PennyMac Mortgage Investment Trust will post 1.03 earnings per share for the current year.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.