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

PennyMac Mortgage Investment Trust (NYSE:PMT) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Thursday, July 9th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 15.8%. The ex-dividend date of this dividend is Thursday, July 9th.

PennyMac Mortgage Investment Trust has raised its dividend payment by an average of 0.0%per year over the last three years. PennyMac Mortgage Investment Trust has a dividend 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. Analysts expect PennyMac Mortgage Investment Trust to earn $1.46 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 109.6%.

PennyMac Mortgage Investment Trust Trading Down 0.8%

NYSE PMT traded down $0.08 on Wednesday, reaching $10.11. The company had a trading volume of 1,485,548 shares, compared to its average volume of 1,143,906. PennyMac Mortgage Investment Trust has a 52 week low of $9.83 and a 52 week high of $13.81. The stock’s 50 day moving average is $11.03 and its 200-day moving average is $11.96. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 7.99. The stock has a market cap of $881.35 million, a price-to-earnings ratio of 8.79, a PEG ratio of 0.62 and a beta of 1.15.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). The company had revenue of $233.25 million for the quarter, compared to the consensus estimate of $92.92 million. PennyMac Mortgage Investment Trust had a return on equity of 10.71% and a net margin of 41.38%. Equities analysts predict that PennyMac Mortgage Investment Trust will post 1.21 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.