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 reports developments tied to its residential mortgage finance business, including investments in residential mortgage-backed securities and mortgage servicing rights. Company news regularly covers quarterly operating results, earnings available for distribution, portfolio leverage, book value and net asset value commentary, and unrealized gains or losses on available-for-sale RMBS holdings.
Recurring updates also include common stock dividends, distributions on the 8.20% Series A Cumulative Redeemable Preferred Stock and 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, dividend tax treatment, and earnings-release conference call schedules.
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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