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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q3 2022, payable on October 25, 2022, to shareholders on record as of September 30, 2022. Additionally, dividends of $0.5125 per share on its 8.20% Series A Preferred Stock and $0.515625 per share on its 8.250% Series B Preferred Stock were also announced, payable on October 17, 2022. Both preferred stock dividends are payable to holders of record by the same cutoff date.

Positive

• Dividend payment of $0.27 per share enhances shareholder income.
• Preferred stock dividends declared may attract fixed-income investors.

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 third quarter of 2022. The dividend will be payable in cash on October 25, 2022 to holders of the common stock of record as of the close of business on September 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 third quarter of 2022. The dividends will be payable in cash on October 17, 2022 to holders of the applicable Series of Preferred Stock of record as of the close of business on September 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 declared by CHMI for Q3 2022?

CHMI declared a dividend of $0.27 per share for Q3 2022.

When will CHMI's dividends be paid?

The dividends will be paid on October 25, 2022, for common stock and on October 17, 2022, for preferred stock.

What are the dividend amounts for CHMI's preferred stocks?

The dividend amounts are $0.5125 for Series A and $0.515625 for Series B Preferred Stock.

Who is eligible to receive the CHMI dividends?

Shareholders of record as of September 30, 2022, are eligible to receive the dividends.