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 (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.
Cherry Hill Mortgage Investment Corporation (CHMI) announced the estimated Federal income tax treatment for its 2021 distributions on common and preferred stock. Shareholders are advised to consult tax advisors regarding their specific tax treatment. The company reported total distributions of $1.08 per share for common stock, with a dividend of $0.27 per share recorded and payable on four occasions. For preferred stock, cumulative distributions amounted to $2.0625 per share. Detailed tax implications may vary, highlighting the importance of individual consultation.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a dividend of $0.27 per share for Q4 2021, payable on January 25, 2022, to stockholders of record by December 31, 2021. Additionally, dividends for preferred stock include $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on January 18, 2022, also to stockholders of record by December 31, 2021. The company focuses on acquiring and managing residential mortgage assets in the U.S.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a GAAP net loss of $6.2 million for Q3 2021, translating to a loss of $0.36 per share. Earnings available for distribution stood at $4.2 million, or $0.25 per share. The regular dividend was declared at $0.27 per share, yielding 11.8% at market close on November 8, 2021. The portfolio had an aggregate leverage of 3.2x, with unrestricted cash of $62.9 million as of September 30, 2021. The company anticipates benefits from rising interest rates, despite challenges from net realized and unrealized losses on RMBS and derivatives.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its third quarter 2021 financial results on Tuesday, November 9, 2021, after market close. A conference call to discuss these results will be held at 5:00 pm Eastern Time on the same day. Investors can access the call via the Company's website at www.chmireit.com. Playback of the conference call will be available until December 9, 2021.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q3 2021, payable on October 26, 2021, with a record date of September 30, 2021. The company also declared dividends on its preferred stock: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on October 15, 2021. These dividends reflect the company's ongoing commitment to returning value to shareholders amid its investment strategies in residential mortgage assets.