Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2021

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a dividend of $0.27 per share for Q1 2021, payable on April 27, 2021. Shareholders on record as of March 31, 2021 will receive this cash dividend. Additionally, the Company announced dividends for its preferred stock: $0.5125 per share for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on April 15, 2021. These dividends reflect the company's ongoing commitment to rewarding shareholders.

Positive

• Declared a dividend of $0.27 per share for common stock, showing commitment to shareholder returns.
• Preferred stock dividends of $0.5125 and $0.515625 demonstrate continued profitability and stability.

Negative

• None.

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 first quarter of 2021. The dividend will be payable in cash on April 27, 2021 to holders of the common stock of record as of the close of business on March 31, 2021.

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 2021. The dividends will be payable in cash on April 15, 2021 to holders of the applicable Series of Preferred Stock of record as of the close of business on March 31, 2021.

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, 2019, 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/20210304005854/en/

FAQ

What is the dividend amount per share declared by Cherry Hill for Q1 2021?

Cherry Hill Mortgage Investment Corporation declared a dividend of $0.27 per share for common stock for Q1 2021.

When will the Cherry Hill dividend be paid?

The dividend for common stock will be payable on April 27, 2021.

What are the dividends for Cherry Hill's preferred stock?

The dividends declared are $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B.

When will the preferred stock dividends be paid?

Preferred stock dividends will be paid on April 15, 2021.

Who qualifies for the Cherry Hill dividend payments?

Shareholders of record as of the close of business on March 31, 2021, will qualify for the dividend payments.