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.
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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.