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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a dividend of $0.27 per share for the first quarter of 2023, payable on April 25, 2023, to shareholders on record by March 31, 2023. The Company also declared dividends on preferred stock: $0.5125 for 8.20% Series A and $0.515625 for 8.250% Series B, both payable on April 17, 2023. These financial moves signal Cherry Hill's commitment to rewarding its investors amid ongoing strategies to enhance long-term growth and market opportunities.

Positive

• Declared a common stock dividend of $0.27 per share for Q1 2023.
• Preferred stock dividends of $0.5125 and $0.515625 reinforce shareholder returns.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.27 per share on the Company’s common stock for the first quarter of 2023. The dividend will be payable in cash on April 25, 2023 to holders of the common stock of record as of the close of business on March 31, 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 first quarter of 2023. The dividends will be payable in cash on April 17, 2023 to holders of the applicable Series of Preferred Stock of record as of the close of business on March 31, 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.

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Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount for Cherry Hill Mortgage Investment Corporation in Q1 2023?

The dividend amount is $0.27 per share for common stock.

When will the dividend be paid to shareholders of Cherry Hill Mortgage Investment Corporation?

The dividend will be payable on April 25, 2023.

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

The dividends are $0.5125 for Series A and $0.515625 for Series B.

What is the record date for Cherry Hill Mortgage Investment Corporation's dividends?

The record date is March 31, 2023.