Pennymac Mortg Stock Price, News & Analysis

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.47 per common share for Q2 2021. This dividend will be paid on July 29, 2021 to shareholders of record as of July 15, 2021. The announcement reflects PMT's ongoing commitment to return value to shareholders despite potential market challenges.

PennyMac Financial Services (NYSE: PFSI) has announced an upcoming combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) scheduled for June 17, 2021. Registration is open on their investor relations website. The event will run from 12:00 p.m. to 3:00 p.m. ET and will feature presentations by senior executives and Q&A sessions. PennyMac Financial has established itself as a leader in the U.S. residential mortgage market, originating $228 billion in loans last year and servicing $449 billion in loans, ranking it as the second-largest lender and sixth-largest servicer in the nation.

PennyMac Mortgage Investment Trust (NYSE: PMT) announced its virtual Investor Day scheduled for June 17, 2021, in collaboration with PennyMac Financial Services, Inc. (NYSE: PFSI). Registration is now open on their investor relations website. The event will feature presentations from senior executives and include Q&A sessions, starting at 12:00 p.m. ET and concluding at approximately 3:00 p.m. ET. A live video webcast will be available for attendees, with a replay accessible afterward.

PennyMac Mortgage Investment Trust (NYSE: PMT) has appointed Renee R. Schultz, a former Fannie Mae executive, to its Board of Trustees. With over 22 years of experience in the mortgage sector, Schultz held various leadership roles at Fannie Mae, including Senior Vice President of Capital Markets. Her expertise in capital markets pricing, credit risk transfer, and securitization policy is expected to significantly enhance the Board's capabilities. Chairman and CEO David A. Spector expressed enthusiasm regarding her appointment, highlighting the value she will bring to PMT.

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced cash dividends for Q2 2021 on its preferred shares. The 8.125% Series A Preferred Shares (PMT PrA) will yield a dividend of $0.507813 per share, payable on June 15, 2021, with a record date of June 1, 2021. The 8.00% Series B Preferred Shares (PMT PrB) will provide a dividend of $0.500000 per share, also payable on June 15, 2021, with the same record date. This announcement reflects the company's ongoing commitment to rewarding shareholders with consistent income.

PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net income of $65.4 million or $0.67 per share for Q1 2021, down from $76.6 million in Q4 2020. The firm announced a cash dividend of $0.47 declared on March 24, 2021. Investment income demonstrated strength, with $201.4 million reported. However, conventional loan production fell by 11% from the previous quarter. The book value per share increased to $20.90. PMT issued $1.4 billion in term debt, enhancing its capital structure.

PennyMac Mortgage Investment Trust (NYSE: PMT) will announce its Q1 2021 results after market close on May 6, 2021. The news release and detailed results will be available on the company’s website. A recorded presentation by executives will accompany the results. Additionally, PMT will host a virtual Investor Day on June 17, 2021, starting at 12:00 p.m. ET, featuring sessions with senior executives from PMT and PennyMac Financial Services, Inc. (NYSE: PFSI).

PennyMac Mortgage Investment Trust (NYSE: PMT) announced its 2021 Annual Meeting of Shareholders will be held virtually on May 26, 2021, at 11:00 a.m. PDT. Shareholders of record as of March 30, 2021, are eligible to attend and vote. Participants can access the meeting via www.virtualshareholdermeeting.com/PMT2021, using their 16-digit control number from proxy materials. Shareholders are encouraged to vote in advance of the meeting using methods outlined in the proxy materials.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.47 per common share for Q1 2021. This dividend is set to be paid on April 29, 2021, to shareholders on record as of April 15, 2021. The trust primarily invests in residential mortgage loans and mortgage-related assets, operated by PNMAC Capital Management. Investors should note the potential impacts of market volatility and operational risks on future returns.