Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Declares Quarterly Dividend of $0.15

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) announced a quarterly dividend on Friday, September 13th, NASDAQ reports. Investors of record on Monday, September 30th will be given a dividend of 0.15 per share by the real estate investment trust on Thursday, October 31st. This represents a $0.60 annualized dividend and a yield of 16.95%. The ex-dividend date is Monday, September 30th.

Cherry Hill Mortgage Investment has a dividend payout ratio of 68.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Cherry Hill Mortgage Investment to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 66.7%.

Cherry Hill Mortgage Investment Trading Up 1.1 %

CHMI traded up $0.04 during trading on Friday, hitting $3.54. The company had a trading volume of 178,879 shares, compared to its average volume of 185,193. Cherry Hill Mortgage Investment has a one year low of $2.77 and a one year high of $4.39. The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $3.60.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $13.68 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. During the same quarter in the prior year, the company earned $0.16 earnings per share. As a group, research analysts anticipate that Cherry Hill Mortgage Investment will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, July 10th.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.