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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q3 2021, payable on October 26, 2021, with a record date of September 30, 2021. The company also declared dividends on its preferred stock: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on October 15, 2021. These dividends reflect the company's ongoing commitment to returning value to shareholders amid its investment strategies in residential mortgage assets.

Positive

• Dividend of $0.27 per share indicates a commitment to shareholder returns.
• Dividends on preferred stock show financial stability and investor confidence.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- 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 third quarter of 2021. The dividend will be payable in cash on October 26, 2021 to holders of the common stock of record as of the close of business on September 30, 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 third quarter of 2021. The dividends will be payable in cash on October 15, 2021 to holders of the applicable Series of Preferred Stock of record as of the close of business on September 30, 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, 2020, 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/20210917005412/en/

Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount declared by CHMI for Q3 2021?

CHMI declared a dividend of $0.27 per share for Q3 2021.

When is the CHMI dividend payable?

The dividend will be payable on October 26, 2021.

What are the dividends for CHMI's preferred stocks for Q3 2021?

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

What is the record date for CHMI's dividend?

The record date for the dividend is September 30, 2021.

How does CHMI's dividend reflect its financial health?

The declared dividends indicate CHMI's financial stability and commitment to returning value to shareholders.