Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2025

Rhea-AI Summary

Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its dividend distributions for the first quarter of 2025. The company declared a common stock dividend of $0.15 per share, payable on April 30, 2025, to stockholders of record as of March 31, 2025.

Additionally, the company announced quarterly preferred stock dividends: $0.5125 per share for the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6372 per share for the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred dividends will be paid on April 15, 2025, to shareholders of record as of March 31, 2025.

Positive

• Consistent dividend payment maintained for both common and preferred shareholders
• Higher dividend rate on preferred shares provides steady income for preferred stockholders

Negative

• Common stock dividend of $0.15 per share indicates relatively low yield compared to preferred shares

TINTON FALLS, 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 first quarter of 2025. The dividend will be payable in cash on April 30, 2025 to holders of the common stock of record as of the close of business on March 31, 2025.

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 $0.6372 per share on the Company’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the first quarter of 2025. The dividends will be payable in cash on April 15, 2025 to holders of the applicable Series of Preferred Stock of record as of the close of business on March 31, 2025.

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, 2024, 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/20250312274756/en/

Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the Q1 2025 dividend amount for Cherry Hill Mortgage (CHMI) common stock?

CHMI declared a common stock dividend of $0.15 per share for Q1 2025.

When is the payment date for CHMI's Q1 2025 common stock dividend?

The common stock dividend will be paid on April 30, 2025.

What are the preferred stock dividend rates for CHMI in Q1 2025?

Series A preferred stock dividend is $0.5125 per share (8.20%) and Series B preferred stock dividend is $0.6372 per share (8.250%).

What is the record date for CHMI's Q1 2025 dividend payments?

The record date for both common and preferred stock dividends is March 31, 2025.