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Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2024

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Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its dividend distributions for the third quarter of 2024. The company's Board of Directors declared a common stock dividend of $0.15 per share, payable on October 31, 2024, to shareholders of record as of September 30, 2024. Additionally, preferred stock dividends were declared: $0.5125 per share for the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6986 per share for the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred stock dividends will be paid on October 15, 2024, to shareholders of record as of September 30, 2024.

Cherry Hill Mortgage Investment (NYSE: CHMI) ha annunciato le sue distribuzioni di dividendi per il terzo trimestre del 2024. Il Consiglio di Amministrazione della società ha dichiarato un dividendo su azioni ordinarie di $0.15 per azione, pagabile il 31 ottobre 2024, agli azionisti registrati al 30 settembre 2024. Inoltre, sono stati dichiarati i dividendi su azioni privilegiate: $0.5125 per azione per le azioni privilegiate cumulabili resa 8.20% Serie A e $0.6986 per azione per le azioni privilegiate fisse a variabile cumulabili resa 8.250% Serie B. Entrambi i dividendi sulle azioni privilegiate saranno pagati il 15 ottobre 2024, agli azionisti registrati al 30 settembre 2024.

Cherry Hill Mortgage Investment (NYSE: CHMI) ha anunciado sus distribuciones de dividendos para el tercer trimestre de 2024. La Junta Directiva de la compañía declaró un dividendo de acciones ordinarias de $0.15 por acción, pagadero el 31 de octubre de 2024, a los accionistas registrados a partir del 30 de septiembre de 2024. Además, se declararon dividendos de acciones preferentes: $0.5125 por acción para las acciones preferentes acumulativas redimibles de la Serie A al 8.20% y $0.6986 por acción para las acciones preferentes redimibles de la Serie B de tasa fija a variable del 8.250%. Ambos dividendos de acciones preferentes se pagarán el 15 de octubre de 2024, a los accionistas registrados a partir del 30 de septiembre de 2024.

체리 힐 모기지 투자 (NYSE: CHMI)가 2024년 3분기 배당금 분배를 발표했습니다. 회사의 이사회는 주주가 2024년 9월 30일 기준으로 $0.15의 보통주 배당금을 2024년 10월 31일에 지급하기로 결정했습니다. 또한, 우선주 배당금이 선언되었습니다: 8.20% 시리즈 A 누적 상환 가능 우선주에 대해 주당 $0.5125 및 8.250% 시리즈 B 고정-변동률 누적 상환 가능 우선주에 대해 주당 $0.6986입니다. 두 개의 우선주 배당금은 2024년 10월 15일에 지급되며, 2024년 9월 30일 기준으로 기록된 주주에게 지급됩니다.

Cherry Hill Mortgage Investment (NYSE: CHMI) a annoncé ses distributions de dividendes pour le troisième trimestre 2024. Le conseil d'administration de la société a déclaré un dividende sur actions ordinaires de 0,15 $ par action, payable le 31 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024. De plus, des dividendes sur actions privilégiées ont été déclarés : 0,5125 $ par action pour les actions privilégiées cumulables remboursables de la série A à 8,20 % et 0,6986 $ par action pour les actions privilégiées remboursables à taux fixe-variable de la série B à 8,250 %. Les deux dividendes sur actions privilégiées seront versés le 15 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024.

Cherry Hill Mortgage Investment (NYSE: CHMI) hat seine Dividendenzahlungen für das dritte Quartal 2024 angekündigt. Der Vorstand des Unternehmens erklärte eine Dividende auf Stammaktien von $0.15 pro Aktie, zahlbar am 31. Oktober 2024 an die Aktionäre, die am 30. September 2024 registriert sind. Darüber hinaus wurden Dividenden auf Vorzugsaktien deklariert: $0.5125 pro Aktie für die 8.20% Serie A kumulierte rückzahlbare Vorzugsaktien und $0.6986 pro Aktie für die 8.250% Serie B feste-zu-variable kumulierte rückzahlbare Vorzugsaktien. Beide Vorzugsdividenden werden am 15. Oktober 2024 an die Aktionäre ausgezahlt, die am 30. September 2024 registriert sind.

Positive
  • Consistent dividend payments for both common and preferred stockholders
  • Maintenance of dividend distribution schedule
Negative
  • None.

Insights

Cherry Hill Mortgage Investment 's dividend announcement for Q3 2024 reveals a consistent payout strategy. The $0.15 per share common stock dividend maintains stability, which is important for REIT investors seeking reliable income. However, this doesn't indicate growth, potentially signaling caution in the current market environment. The preferred stock dividends of $0.5125 for Series A and $0.6986 for Series B underscore the company's commitment to its capital structure. While these payouts fulfill obligations to preferred shareholders, they also represent a fixed cost that could impact flexibility in challenging times. Investors should note that consistent dividends, while reassuring, don't necessarily reflect improved performance or growth prospects.

This dividend announcement, while routine, offers insights into Cherry Hill's financial health and market positioning. The maintained common dividend suggests stable cash flows, but also hints at potential conservatism in capital allocation. In the current high-interest rate environment, mortgage REITs face challenges, making this steady approach prudent. The preferred stock dividends, particularly the Series B's floating rate structure, indicate Cherry Hill's adaptability to market conditions. However, investors should be aware that the total dividend obligation could strain resources if market conditions deteriorate. The October payout dates align with industry norms, providing predictability for income-focused investors. Overall, this announcement reflects a cautious yet committed approach to shareholder returns.

FARMINGDALE, 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 third quarter of 2024. The dividend will be payable in cash on October 31, 2024 to holders of the common stock of record as of the close of business on September 30, 2024.

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 $0.6986 per share on the Company’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter of 2024. The dividends will be payable in cash on October 15, 2024 to holders of the applicable Series of Preferred Stock of record as of the close of business on September 30, 2024.

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, 2023, and other documents filed by the Company with the Securities and Exchange Commission.

Investor Relations

(877) 870-7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount for CHMI common stock in Q3 2024?

Cherry Hill Mortgage Investment (CHMI) declared a dividend of $0.15 per share on its common stock for the third quarter of 2024.

When will CHMI pay its Q3 2024 common stock dividend?

The Q3 2024 common stock dividend for CHMI will be payable on October 31, 2024, to holders of record as of the close of business on September 30, 2024.

What are the preferred stock dividend amounts for CHMI in Q3 2024?

CHMI declared a dividend of $0.5125 per share on its 8.20% Series A Preferred Stock and $0.6986 per share on its 8.250% Series B Preferred Stock for Q3 2024.

When will CHMI pay its Q3 2024 preferred stock dividends?

CHMI will pay its Q3 2024 preferred stock dividends on October 15, 2024, to holders of record as of the close of business on September 30, 2024.

CHERRY HILL MORTGAGE INVESTMENT CORPORATION

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