Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Second Quarter 2022

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q2 2022, payable on July 26, 2022, to shareholders on record as of June 30, 2022. Additionally, dividends on preferred stocks include $0.5125 for Series A and $0.515625 for Series B, payable on July 15, 2022. These dividends reflect the company’s commitment to returning value to its shareholders amid ongoing market opportunities.

Positive

• Dividend of $0.27 per share for common stock reflects strong shareholder returns.
• Preferred stock dividends of $0.5125 and $0.515625 demonstrate financial stability.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors has declared a dividend of $0.27 per share on the Company’s common stock for the second quarter of 2022. The dividend will be payable in cash on July 26, 2022 to holders of the common stock of record as of the close of business on June 30, 2022.

Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on the Company’s 8.20% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.515625 per share on the Company’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2022. The dividends will be payable in cash on July 15, 2022 to holders of the applicable Series of Preferred Stock of record as of the close of business on June 30, 2022.

About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. For additional information, visit www.chmireit.com.

Forward-Looking Statements

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, among others, statements relating to the Company’s long-term growth opportunities and strategies, expand its market opportunities and create its own Excess MSRs and its ability to generate sustainable and attractive risk-adjusted returns for stockholders. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and other documents filed by the Company with the Securities and Exchange Commission.

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Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount for Cherry Hill Mortgage Investment Corporation in Q2 2022?

The dividend amount for Q2 2022 is $0.27 per share for common stock.

When will the dividends for Q2 2022 be paid by Cherry Hill Mortgage Investment Corporation?

The dividends will be payable on July 26, 2022, for common stock and on July 15, 2022, for preferred stock.

What are the preferred stock dividend amounts for Cherry Hill Mortgage Investment Corporation in Q2 2022?

The preferred stock dividends are $0.5125 per share for Series A and $0.515625 per share for Series B.

Who qualifies for the dividend from Cherry Hill Mortgage Investment Corporation?

Holders of common and preferred stock as of the close of business on June 30, 2022, qualify for the dividends.