Cherry Hill Mtg Invt Corp Stock Price, News & Analysis

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q3 2022, payable on October 25, 2022, to shareholders on record as of September 30, 2022. Additionally, dividends of $0.5125 per share on its 8.20% Series A Preferred Stock and $0.515625 per share on its 8.250% Series B Preferred Stock were also announced, payable on October 17, 2022. Both preferred stock dividends are payable to holders of record by the same cutoff date.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a second-quarter 2022 GAAP net loss of $17.6 million ($0.92 per share). Despite this, earnings available for distribution (EAD) were $5.2 million ($0.28 per share). The common book value per share was $6.73, with an annualized dividend yield of 15.1%. The company's leverage ratio stood at 3.4x. Significant losses on RMBS of $46 million were noted, but a $17.6 million unrealized gain on derivatives provided some offset. The company held $61.5 million in unrestricted cash as of June 30, 2022.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its second quarter 2022 financial results on August 3, 2022, after market close. A conference call is scheduled for the same day at 5:00 pm Eastern Time to discuss the results. Investors can access the call via the company's investor relations website at www.chmireit.com. A playback of the conference call will be available until August 10, 2022, for those unable to attend the live broadcast.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q2 2022, payable on July 26, 2022, to shareholders on record as of June 30, 2022. Additionally, dividends on preferred stocks include $0.5125 for Series A and $0.515625 for Series B, payable on July 15, 2022. These dividends reflect the company’s commitment to returning value to its shareholders amid ongoing market opportunities.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported solid financial results for Q1 2022, achieving a GAAP net income of $25.6 million, equating to $1.40 per share. Earnings available for distribution were $6.2 million, or $0.34 per share. The company declared a dividend of $0.27 per share, yielding 16.0% annually. As of March 31, 2022, Cherry Hill had unrestricted cash of $52.4 million and a common book value of $7.27 per share, with portfolio leverage at 3.6x. Despite net unrealized losses of $44.5 million on RMBS, the company remains positioned for higher rates amid market volatility.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its first quarter 2022 financial results on May 9, 2022, after market close. A conference call is scheduled for the same day at 5:00 pm Eastern Time to discuss the results. Investors can access the call via the company’s website. For participation, call 1-877-407-9716 domestically or 1-201-493-6779 internationally 5 minutes prior to the start. Playback options will be available until June 9, 2022.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported its fourth quarter and full year 2021 results with a GAAP net income of $4.1 million or $0.23 per share. The Earnings Available for Distribution (EAD) was $5.8 million, equating to $0.32 per share. The company declared a regular common dividend of $0.27 per share, reflecting a 13.9% yield. As of December 31, 2021, the common book value per share was $8.56, with total unrestricted cash of $63.9 million. Despite mortgage spread widening, slower prepayment speeds contributed to consistent earnings.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q1 2022, payable on April 26, 2022. Shareholders of record by March 31, 2022 will receive this payment. Additionally, the company announced dividends of $0.5125 and $0.515625 for its Series A and Series B preferred stocks, respectively, with payment set for April 18, 2022. The company engages in acquiring and managing residential mortgage assets in the United States.

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will announce its fourth quarter and full year 2021 financial results on March 15, 2022, after market close. A conference call will follow at 5:00 PM Eastern Time to discuss these results. Investors can access the call via the Company’s website and participate by dialing in. The conference call will also be available for playback until April 15, 2022. Cherry Hill specializes in acquiring and managing residential mortgage assets in the United States.