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) has declared a dividend of $0.27 per share for Q1 2021, payable on April 27, 2021. Shareholders on record as of March 31, 2021 will receive this cash dividend. Additionally, the Company announced dividends for its preferred stock: $0.5125 per share for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on April 15, 2021. These dividends reflect the company's ongoing commitment to rewarding shareholders.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its fourth quarter and full year 2020 financial results on March 9, 2021, after market close. A conference call is scheduled for the same day at 5:00 pm ET to discuss these results. Investors can access the live webcast on the company's investor relations website. For those wishing to participate via phone, domestic and international dial-in numbers have been provided. The call will also be available for playback until April 9, 2021.
Cherry Hill Mortgage Investment Corporation (CHMI) announced the estimated Federal income tax treatment for its 2020 distributions on common and preferred stock. Shareholders are advised to consult with personal tax advisors regarding the tax implications. The Company paid a total of $1.34 per share for common stock distributions, with an ordinary dividend of $0.27. For preferred stockholders, the total distribution was $2.0625 per share. The payment dates for these distributions were throughout early 2020.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a fireside chat featuring Jay Lown, President and CEO, and Julian Evans, Chief Investment Officer, at the virtual ICR Conference 2021. This event is scheduled for Monday, January 11, 2021, starting at 9:30 AM Eastern Time. Investors can access the live webcast through the company’s investor relations page at www.chmireit.com. A replay will be available post-conference. Cherry Hill specializes in acquiring and managing residential mortgage assets in the U.S.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q4 2020, payable on January 26, 2021. This dividend is for common stockholders recorded by the close of business on December 31, 2020. Additionally, dividends were declared for preferred stockholders: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on January 15, 2021. Both are for those recorded by the end of December 2020.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a GAAP net loss of $3.2 million, or $0.19 per share, for Q3 2020. Core earnings for common stockholders reached $8.2 million, equating to $0.48 per share, exceeding the dividend of $0.27 per share declared for the quarter. The company’s book value was $11.74 per share, with a portfolio leverage of 4.6x. Despite a challenging environment, Cherry Hill maintained a strong balance sheet with approximately $95 million in unrestricted cash.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its third quarter 2020 financial results on November 9, 2020, after market close. A conference call is scheduled for 5:00 PM ET on the same day to discuss these results. Investors can access the call via the investor relations section of the company's website. For participation, domestic callers can dial 1-877-407-9716, while international callers should use 1-201-493-6779.