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 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.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its third quarter 2022 financial results on November 2, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 pm ET the same day. Investors can access the live webcast through the company’s website. This event is crucial for stakeholders seeking insights into the company’s performance and future outlook.
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.