Cherry Hill Mtg Invt Corp Stock Price, News & Analysis

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a dividend of $0.27 per share for the first quarter of 2023, payable on April 25, 2023, to shareholders on record by March 31, 2023. The Company also declared dividends on preferred stock: $0.5125 for 8.20% Series A and $0.515625 for 8.250% Series B, both payable on April 17, 2023. These financial moves signal Cherry Hill's commitment to rewarding its investors amid ongoing strategies to enhance long-term growth and market opportunities.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has appointed Sharon Lee Cook to its Board of Directors effective March 8, 2023, to fill the vacancy left by Regina Lowrie, who passed away on January 1, 2023. Ms. Cook, an independent director, will also serve on the Audit, Compensation, and Nominating and Corporate Governance Committees. She brings a wealth of experience from her roles at Incapital LLC, D.A. Davidson & Co., and the U.S. Department of Treasury’s Office of Thrift Supervision, where she contributed to key financial programs. The company anticipates her insights will be valuable in navigating the current market environment.

Cherry Hill Mortgage Investment Corporation (CHMI) reported a net loss of $34.5 million, or $1.59 per share, for Q4 2022. Despite challenges, earnings available for distribution (EAD) were $5.3 million, equating to $0.24 per share. The company declared a common dividend of $0.27 per share, offering a 16.2% annualized yield as of March 6, 2023. The book value per share stood at $6.06 at year-end. Cherry Hill managed a portfolio with a leverage ratio of 3.8x and held $57.3 million in unrestricted cash. The CEO noted effective strategies in protecting book value amid a challenging macro environment.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its fourth quarter and full year 2022 financial results on Tuesday, March 7, 2023, after market close. A conference call is scheduled for the same day at 5:00 pm Eastern Time to discuss these results. Interested participants can access a live webcast via the company's investor relations website, where an online archive of the event will be available for one year. Cherry Hill Mortgage Investment Corporation focuses on acquiring, investing in, and managing residential mortgage assets across the United States.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has released the estimated Federal income tax treatment for its 2022 distributions on common and preferred stocks. Shareholders are advised to consult personal tax advisors regarding the treatment of these distributions. Key details include common stock distributions of $1.080 per share, with ordinary dividends totaling $0.648. The preferred stock distributions are $2.0500 for Series A and $2.0625 for Series B, both fully qualifying as dividends. Payment dates across both stock types range from January to October 2022.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share on December 15, 2022, for common stock, payable on January 31, 2023. The record date is December 30, 2022. Additionally, dividends for preferred stocks were announced: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B. These will be paid on January 17, 2023, with the same record date.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported strong Q3 2022 results with a GAAP net income of $38.3 million ($1.90/share) and earnings available for distribution of $5.1 million ($0.26/share). The company declared a regular dividend of $0.27 per share, yielding 19.5% as of November 1, 2022. The total aggregate portfolio leverage was 4.2x and unrestricted cash totaled $42.7 million. Despite net unrealized losses on RMBS of $46.6 million, proactive management strategies helped mitigate risks in a challenging macro environment.