Welcome to our dedicated page for Cherry Hill Mtg Invt news (Ticker: CHMI), a resource for investors and traders seeking the latest updates and insights on Cherry Hill Mtg Invt stock.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a real estate investment trust that invests in residential mortgage assets, including residential mortgage‑backed securities (RMBS) and servicing related assets. This news page aggregates the company’s publicly released updates so readers can follow how its mortgage‑focused portfolio and capital structure evolve over time.
Recent press releases from Cherry Hill Mortgage Investment Corporation highlight quarterly earnings results, dividend declarations on common stock and preferred stock, and corporate developments such as executive appointments. Earnings announcements detail GAAP net income or loss applicable to common stockholders, earnings available for distribution (EAD), net interest income, net servicing income, realized and unrealized gains and losses on RMBS and derivatives, and other key metrics tied to the company’s RMBS and servicing related asset portfolios.
Dividend press releases describe regular quarterly cash dividends on CHMI common shares and on its 8.20% Series A Cumulative Redeemable Preferred Stock and 8.250% Series B Fixed‑to‑Floating Rate Cumulative Redeemable Preferred Stock. Additional news items cover scheduling and logistics for quarterly earnings releases and conference calls, as well as changes in leadership roles, including the appointment of finance and legal executives.
Investors, analysts and other readers can use this page to review Cherry Hill Mortgage Investment Corporation’s historical and ongoing public communications regarding its financial performance, portfolio characteristics, dividend policy and governance‑related updates. For those tracking CHMI stock, the news flow provides context around the company’s residential mortgage investment activities, its use of leverage and derivatives, and its approach to generating risk‑adjusted returns and dividend income for stockholders.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its dividend distributions for the third quarter of 2024. The company's Board of Directors declared a common stock dividend of $0.15 per share, payable on October 31, 2024, to shareholders of record as of September 30, 2024. Additionally, preferred stock dividends were declared: $0.5125 per share for the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6986 per share for the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred stock dividends will be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
Cherry Hill Mortgage Investment (NYSE: CHMI) reported results for Q2 2024:
- GAAP net loss of $1.9 million, or $0.06 per share
- Earnings available for distribution (EAD) of $2.3 million, or $0.08 per diluted share
- Common book value per share of $4.15 as of June 30, 2024
- Declared regular common dividend of $0.15 per share (16.4% annualized yield)
- Aggregate portfolio leverage at 4.9x
- Unrestricted cash of $52.4 million
Key highlights include selling $1.2 billion UPB of low-balance MSRs to enhance portfolio efficiency and plans to internalize management to reduce expenses. The company reported net servicing income of $8.9 million and net interest income of $0.2 million for the quarter.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its schedule for the release of second quarter 2024 financial results. The company will disclose its earnings after the market closes on August 8, 2024, followed by a conference call at 5:00 pm Eastern Time on the same day to discuss the results.
Investors and interested parties can access a live webcast of the conference call through the investor relations section of CHMI's website at www.chmireit.com. The webcast will be archived on the site for one year after the call. For those wishing to participate via telephone, registration is required, after which dial-in information will be provided.
Cherry Hill Mortgage Investment (NYSE: CHMI) announced that its Board of Directors has approved the internalization of the Company's management. This comes after a recommendation from the Special Committee, composed of entirely independent and disinterested board members, to terminate the management agreement with Cherry Hill Mortgage Management, The internalization is part of a broader exploration of strategic alternatives by the Special Committee. The timeline for completing this exploration remains undefined, and there is no guarantee that it will result in any transaction beyond the internalization. The Company will only disclose further developments when deemed appropriate or legally required.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its common and preferred dividends for the second quarter of 2024. A dividend of $0.15 per share will be paid on CHMI’s common stock on July 31, 2024, to shareholders of record as of June 28, 2024.
Additionally, the Board of Directors has declared a dividend of $0.5125 per share on the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6995 per share on the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These dividends will be payable on July 15, 2024, to shareholders of record as of June 28, 2024.
Cherry Hill Mortgage Investment reported first quarter 2024 results with GAAP net income of $9.7 million, EAD of $4.0 million, common book value per share of $4.49, and a regular dividend of $0.15 per share. The company repurchased $9.3 million of preferred stock shares and had $47.5 million of unrestricted cash. Aggregate portfolio leverage was 4.5x, with a strategic investment portfolio positioning to offset market impacts. Operating results showed positive net income and earnings for the quarter. Portfolio highlights included net servicing fee income of $10.3 million, with a focus on optimizing portfolio performance and managing risks.
Cherry Hill Mortgage Investment (NYSE: CHMI) has scheduled the release of its first quarter 2024 financial results on May 6, 2024, with a conference call to follow at 5:00 pm Eastern Time. The webcast will be available on the investor relations section of the company's website. Participants can register for the conference call online.
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