Welcome to our dedicated page for Pennymac Mortg news (Ticker: PMT), a resource for investors and traders seeking the latest updates and insights on Pennymac Mortg stock.
PennyMac Mortgage Investment Trust reports developments as a mortgage REIT that invests primarily in residential mortgage loans and mortgage-related assets. Its news commonly covers quarterly and annual results, common-share dividends, net investment income, return on common equity and segment performance across aggregation and securitization, credit-sensitive strategies and interest-rate-sensitive strategies.
Company updates also discuss mortgage servicing rights, organically created GSE credit risk transfer investments, non-Agency subordinate bonds and investment activity generated through the Pennymac production and servicing platform. Announcements may include investor-call timing, shareholder distributions and joint Pennymac initiatives conducted with PennyMac Financial Services.
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared cash dividends for Q3 2022 on three series of preferred shares. The dividend rates are as follows:
- Series A: 8.125% with a payment of $0.507813, record date on September 1, 2022, payment date September 15, 2022.
- Series B: 8.000% with a payment of $0.500000, record date September 1, 2022, payment date September 15, 2022.
- Series C: 6.750% with a payment of $0.421875, record date September 1, 2022, payment date September 15, 2022.
This reflects the company’s commitment to return value to shareholders.
PennyMac Financial Services (PFSI) reported a net income of $129.2 million ($2.28 per share) for Q2 2022, with revenues of $511.5 million. Book value per share increased to $65.38. Despite a 24% drop in pretax income from the previous quarter, the company announced a cash dividend of $0.20 per share. The servicing portfolio grew to $527.3 billion in UPB, a 2% increase from Q1 2022. However, significant declines in loan production and interest rate lock commitments were noted, reflecting challenges in the origination market.
PennyMac Mortgage Investment Trust (PMT) reported a net loss of $81.2 million for Q2 2022, equating to $(0.88) per share, against a net investment income of $21.5 million. The loss is attributed to fair value decreases in credit-sensitive strategies, alongside a tax provision of $30.9 million. PMT repurchased 1.9 million shares at an average price of $14.72. The book value per share declined from $17.87 to $16.59. Despite losses, management expressed confidence in future investment opportunities due to improved spread conditions.
PennyMac Mortgage Investment Trust (PMT) will announce its financial results for the quarter ended June 30, 2022, after market close on August 2, 2022. The news release will be accessible on www.PennyMac-REIT.com. A recorded presentation reviewing the results will also be available online simultaneously. For those unable to access the website, copies of the slide presentation can be requested through the Investor Relations department at (818) 224-7028.
PennyMac Mortgage Investment Trust (PMT) has declared a cash dividend of $0.47 per common share for Q2 2022, payable on July 28, 2022, to shareholders on record as of July 14, 2022. This payout reflects the company's commitment to returning value to its investors while investing primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (PFSI).
PennyMac Mortgage Investment Trust (PMT) has declared cash dividends for Q2 2022 on its preferred shares. The 8.125% Series A shares (PMT PrA) will pay $0.507813 per share, the 8.000% Series B shares (PMT PrB) will pay $0.500000, and the 6.750% Series C shares (PMT PrC) will pay $0.421875. All dividends have a record date of June 1, 2022, and a payment date of June 15, 2022. This announcement reflects the company's ongoing commitment to providing income to its shareholders.
PennyMac Financial Services reported a net income of $173.6 million or $2.94 per diluted share for Q1 2022, with revenues of $657.5 million. Book value rose to $62.19. The Board declared a $0.20 per share dividend. However, pretax income saw a 54% dip from Q1 2021, attributed to decreased production and lower mortgage market volumes. The servicing segment performed strongly with pretax income of $225.2 million, marking a significant increase from the previous quarter. The company aims to align expenses with reduced activity levels due to rising mortgage rates.
PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net loss of $29.6 million, or $(0.32) per share, for Q1 2022 on net investment income of $81.8 million. This represents a slight increase in losses compared to $27.3 million in the prior quarter. The company declared a cash dividend of $0.47 per share. Fair value declines from credit-sensitive strategies impacted results, despite strong performance in interest rate-sensitive strategies. Book value per share decreased to $17.87 from $19.05. PMT repurchased 2.99 million shares for $47.2 million during the quarter.
PennyMac Mortgage Investment Trust (NYSE: PMT) will announce its financial results for the quarter ending March 31, 2022, via a news release after the market closes on May 5, 2022. The announcement will be accessible online, and a recorded presentation by the executives will accompany the results. For those unable to access the website, copies of the presentation can be requested through investor relations.
PennyMac specializes in residential mortgage loans and related assets, managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
PennyMac Mortgage Investment Trust (NYSE: PMT) will hold its 2022 Annual Meeting of Shareholders virtually on June 1, 2022, at 11:00 a.m. Pacific Time. Shareholders of record as of April 5, 2022, can attend and vote at the meeting. Participants can join via www.virtualshareholdermeeting.com/PMT2022 using their control number. Shareholders are encouraged to vote in advance, with additional information available in the proxy materials.