Welcome to our dedicated page for CHERRY HILL MORTGAGE INVESTMENT CORPORATION news (Ticker: CHMI), a resource for investors and traders seeking the latest updates and insights on CHERRY HILL MORTGAGE INVESTMENT CORPORATION stock.
Cherry Hill Mortgage Investment Corporation (symbol: CHMI) is a financial services company headquartered at 301 Harper Dr, Moorestown, NJ, United States. Operating as a Real Estate Investment Trust (REIT), Cherry Hill Mortgage Investment Corporation focuses on investing in residential mortgage assets. The company aims to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
The company's reportable segments include:
- Residential Mortgage-Backed Securities (RMBS): This segment is the primary source of revenue, generating income through interest earned from servicing mortgage loans.
- Investments in Servicing Related Assets: This segment focuses on assets related to the servicing of mortgage loans.
- All Others: Encompasses other investment segments within the company's portfolio.
Cherry Hill Mortgage Investment Corporation is dedicated to providing high returns to its investors. Their strategic investments in RMBS and other related assets enable the company to maintain a strong financial condition and secure steady income. The company is continuously working on current projects and partnerships to optimize its asset management and investment strategies. Stay updated with the latest developments, financial reports, and news on Cherry Hill Mortgage Investment Corporation to make informed investment decisions.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has released the estimated Federal income tax treatment for its 2022 distributions on common and preferred stocks. Shareholders are advised to consult personal tax advisors regarding the treatment of these distributions. Key details include common stock distributions of $1.080 per share, with ordinary dividends totaling $0.648. The preferred stock distributions are $2.0500 for Series A and $2.0625 for Series B, both fully qualifying as dividends. Payment dates across both stock types range from January to October 2022.
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.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported strong Q3 2022 results with a GAAP net income of $38.3 million ($1.90/share) and earnings available for distribution of $5.1 million ($0.26/share). The company declared a regular dividend of $0.27 per share, yielding 19.5% as of November 1, 2022. The total aggregate portfolio leverage was 4.2x and unrestricted cash totaled $42.7 million. Despite net unrealized losses on RMBS of $46.6 million, proactive management strategies helped mitigate risks in a challenging macro environment.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its third quarter 2022 financial results on November 2, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 pm ET the same day. Investors can access the live webcast through the company’s website. This event is crucial for stakeholders seeking insights into the company’s performance and future outlook.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q3 2022, payable on October 25, 2022, to shareholders on record as of September 30, 2022. Additionally, dividends of $0.5125 per share on its 8.20% Series A Preferred Stock and $0.515625 per share on its 8.250% Series B Preferred Stock were also announced, payable on October 17, 2022. Both preferred stock dividends are payable to holders of record by the same cutoff date.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a second-quarter 2022 GAAP net loss of $17.6 million ($0.92 per share). Despite this, earnings available for distribution (EAD) were $5.2 million ($0.28 per share). The common book value per share was $6.73, with an annualized dividend yield of 15.1%. The company's leverage ratio stood at 3.4x. Significant losses on RMBS of $46 million were noted, but a $17.6 million unrealized gain on derivatives provided some offset. The company held $61.5 million in unrestricted cash as of June 30, 2022.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its second quarter 2022 financial results on August 3, 2022, after market close. A conference call is scheduled for the same day at 5:00 pm Eastern Time to discuss the results. Investors can access the call via the company's investor relations website at www.chmireit.com. A playback of the conference call will be available until August 10, 2022, for those unable to attend the live broadcast.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q2 2022, payable on July 26, 2022, to shareholders on record as of June 30, 2022. Additionally, dividends on preferred stocks include $0.5125 for Series A and $0.515625 for Series B, payable on July 15, 2022. These dividends reflect the company’s commitment to returning value to its shareholders amid ongoing market opportunities.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported solid financial results for Q1 2022, achieving a GAAP net income of $25.6 million, equating to $1.40 per share. Earnings available for distribution were $6.2 million, or $0.34 per share. The company declared a dividend of $0.27 per share, yielding 16.0% annually. As of March 31, 2022, Cherry Hill had unrestricted cash of $52.4 million and a common book value of $7.27 per share, with portfolio leverage at 3.6x. Despite net unrealized losses of $44.5 million on RMBS, the company remains positioned for higher rates amid market volatility.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its first quarter 2022 financial results on May 9, 2022, after market close. A conference call is scheduled for the same day at 5:00 pm Eastern Time to discuss the results. Investors can access the call via the company’s website. For participation, call 1-877-407-9716 domestically or 1-201-493-6779 internationally 5 minutes prior to the start. Playback options will be available until June 9, 2022.
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