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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q1 2022, payable on April 26, 2022. Shareholders of record by March 31, 2022 will receive this payment. Additionally, the company announced dividends of $0.5125 and $0.515625 for its Series A and Series B preferred stocks, respectively, with payment set for April 18, 2022. The company engages in acquiring and managing residential mortgage assets in the United States.

Positive

• Dividend of $0.27 per share for common stock enhances shareholder returns.
• Dividends for Series A and B preferred stocks indicate consistent income for preferred shareholders.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that on March 10, 2022, its Board of Directors declared a dividend of $0.27 per share on the Company’s common stock for the first quarter of 2022. The dividend will be payable in cash on April 26, 2022 to holders of the common stock of record as of the close of business on March 31, 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 first quarter of 2022. The dividends will be payable in cash on April 18, 2022 to holders of the applicable Series of Preferred Stock of record as of the close of business on March 31, 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, 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, 2020, and other documents filed by the Company with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220311005439/en/

Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount declared by Cherry Hill Mortgage Investment Corporation for Q1 2022?

Cherry Hill Mortgage Investment Corporation declared a dividend of $0.27 per share for Q1 2022.

When will Cherry Hill Mortgage Investment Corporation pay its common stock dividend?

The dividend for common stock will be paid on April 26, 2022.

What dividends were declared for preferred stocks by Cherry Hill Mortgage Investment Corporation?

Dividends of $0.5125 for Series A and $0.515625 for Series B preferred stocks were declared.

What is the record date for the dividends declared by Cherry Hill Mortgage Investment Corporation?

The record date for the dividends is March 31, 2022.

How often does Cherry Hill Mortgage Investment Corporation declare dividends?

Cherry Hill Mortgage Investment Corporation typically declares dividends quarterly.

Are the dividends from Cherry Hill Mortgage Investment Corporation sustainable?

The sustainability of dividends depends on the company's future financial performance and risk factors.