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) 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.