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

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a dividend of $0.27 per share for Q4 2021, payable on January 25, 2022, to stockholders of record by December 31, 2021. Additionally, dividends for preferred stock include $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on January 18, 2022, also to stockholders of record by December 31, 2021. The company focuses on acquiring and managing residential mortgage assets in the U.S.

Positive

• Declared a cash dividend of $0.27 per share for common stock.
• Dividends for preferred stock ($0.5125 and $0.515625) indicate steady income for shareholders.

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 fourth quarter of 2021. The dividend will be payable in cash on January 25, 2022 to holders of the common stock of record as of the close of business on December 31, 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 fourth quarter of 2021. The dividends will be payable in cash on January 18, 2022 to holders of the applicable Series of Preferred Stock of record as of the close of business on December 31, 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/20211209006028/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 for Q4 2021?

Cherry Hill Mortgage Investment Corporation declared a dividend of $0.27 per share for Q4 2021.

When will the dividend be paid for Cherry Hill Mortgage Investment Corporation's common stock?

The dividend will be payable on January 25, 2022.

What are the dividend amounts for Cherry Hill's preferred stock for Q4 2021?

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

When will the preferred stock dividends be paid?

The preferred stock dividends will be payable on January 18, 2022.

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

The record date for all dividends is December 31, 2021.