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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share on December 15, 2022, for common stock, payable on January 31, 2023. The record date is December 30, 2022. Additionally, dividends for preferred stocks were announced: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B. These will be paid on January 17, 2023, with the same record date.

Positive

• Dividend declaration of $0.27 per share for common stock, indicating steady income for shareholders.
• Additional dividends for preferred stocks (Series A: $0.5125, Series B: $0.515625), reinforcing commitment to preferred shareholders.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that on December 15, 2022, its Board of Directors declared a dividend of $0.27 per share on the Company’s common stock for the fourth quarter of 2022. The dividend will be payable in cash on January 31, 2023 to holders of the common stock of record as of the close of business on December 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 fourth quarter of 2022. The dividends will be payable in cash on January 17, 2023 to holders of the applicable Series of Preferred Stock of record as of the close of business on December 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221216005467/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 (CHMI) for Q4 2022?

Cherry Hill Mortgage Investment Corporation declared a dividend of $0.27 per share for common stock for Q4 2022.

When will Cherry Hill Mortgage Investment Corporation (CHMI) pay the dividend for common stock?

The dividend for common stock will be paid on January 31, 2023.

What are the preferred stock dividends declared by Cherry Hill Mortgage Investment Corporation (CHMI)?

Cherry Hill declared a dividend of $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B preferred stock.

When will the preferred stock dividends of Cherry Hill Mortgage Investment Corporation (CHMI) be paid?

The preferred stock dividends will be paid on January 17, 2023.