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) 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.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a GAAP net loss of $13.8 million, or $0.81 per share, for Q2 2021. Core earnings were $4.7 million, or $0.28 per share. The company maintained a common book value of $9.63 and declared a regular dividend of $0.27, yielding 11.8%. Portfolio leverage stood at 3.6x, with unrestricted cash of approximately $54 million. Improved prepayment speeds positively impacted earnings, positioning the company to benefit from a rising rate environment.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) plans to release its second quarter 2021 financial results on August 9, 2021, after market close. A conference call will follow at 5:00 PM ET to discuss these results. Investors can access the live webcast through the investor relations section of the company’s website, where they should arrive 15 minutes early to prepare. Participants can dial in to the call using provided domestic and international numbers.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a dividend of $0.27 per share for Q2 2021, payable on July 27, 2021. Shareholders of record will need to own shares by June 30, 2021. Additionally, dividends of $0.5125 per share for the 8.20% Series A and $0.515625 for the 8.250% Series B Preferred Stock are also announced, payable on July 15, 2021 for those holders recorded by the same cutoff date. Cherry Hill primarily invests in residential mortgage assets in the U.S.
Cherry Hill Mortgage Investment Corporation (CHMI) reported its first-quarter 2021 results, with a GAAP net income of $18.3 million ($1.07 per share) and core earnings of $3.5 million ($0.21 per share). The company declared a dividend of $0.27 per share, reflecting a 10.6% annualized yield. As of March 31, 2021, Cherry Hill maintained a book value of $10.83 per share, along with $62 million in unrestricted cash. Despite challenges from elevated prepayment speeds, management expressed confidence in benefitting from a rising rate environment.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will announce its first quarter 2021 financial results on May 10, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM ET to discuss the results. Interested parties can access the call via the investor relations section of the Company's website. For participation, a dial-in number is provided for both domestic and international callers. The replay will be available until June 10, 2021.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a fourth-quarter net income of $6.4 million, or $0.38 per share, and core earnings of $6.3 million, or $0.37 per share for 2020. The company declared a dividend of $0.27 per share, yielding 10.3% as of March 8, 2021. As of year-end, Cherry Hill's unrestricted cash totaled approximately $84 million, with a common book value of $11.16 per share. The company highlights its strong balance sheet and ability to navigate challenges, aiming to invest in mortgage servicing rights (MSRs) and residential mortgage-backed securities (RMBS) for shareholder returns.