Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Fourth Quarter 2023

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declares $0.15 dividend per share on common stock for Q4 2023 and $0.5125 and $0.515625 dividends per share on Series A and Series B Preferred Stock respectively.

 

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company’s common stock for the fourth quarter of 2023. The dividend will be payable in cash on January 31, 2024 to holders of the common stock of record as of the close of business on December 29, 2023.

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 fourth quarter of 2023. The dividends will be payable in cash on January 16, 2024 to holders of the applicable Series of Preferred Stock of record as of the close of business on December 29, 2023.

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, 2022, 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/20231208039971/en/

Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What dividend did Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declare for Q4 2023?

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.15 per share on the Company’s common stock for the fourth quarter of 2023.

When will the dividends be payable for Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) Q4 2023?

The dividend for common stock will be payable in cash on January 31, 2024, and the dividends for Series A and Series B Preferred Stock will be payable in cash on January 16, 2024.

What is the record date for Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) Q4 2023 dividends?

The record date for common stock and Preferred Stock dividends is December 29, 2023.

What is the dividend amount for Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) Series A and Series B Preferred Stock for Q4 2023?

The dividend amount for Series A Preferred Stock is $0.5125 per share, and for Series B Preferred Stock is $0.515625 per share for the fourth quarter of 2023.