PMT stock dividend – PennyMac Mortgage Investment Trust Declares 0.4 Cash Dividend
April 8, 2023
Dividends Yield
On April 1 2023, PennyMac Mortgage Investment Trust Declares 0.4 Cash Dividend. This is a testament to the trust’s commitment to provide its shareholders with reliable dividend income. This rate is consistent with the dividend yields from 2022 to 2023, leading to an average yield of 11.57%. If you’re looking for stocks with reliable dividends, then you should consider adding PENNYMAC MORTGAGE INVESTMENT TRUST ($NYSE:PMT) to your list.
The ex-dividend date is April 13, 2023, so those who purchase the stock before this date will be eligible to receive the cash dividend. This is a great opportunity for both long-term investors and those who want to make a quick return on their investment. With a consistent dividend yield over the past three years, it is a great choice for those looking for stocks with secure returns.
Share Price
This dividend comes amid a slight decrease in the stock’s closing price of 1.1%. The stock opened the day at $12.3 and closed at $12.2, down from the previous closing price of $12.3. It is also likely to provide a boost for PENNYMAC MORTGAGE INVESTMENT TRUST’s share price in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PMT. More…
| Total Revenues | Net Income | Net Margin |
| 103.11 | -115.51 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PMT. More…
| Operations | Investing | Financing |
| 1.78k | -1.87k | 135.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PMT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.92k | 11.96k | 15.99 |
Key Ratios Snapshot
Some of the financial key ratios for PMT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – PMT Intrinsic Value Calculation
At GoodWhale, we believe that investing in PennyMac Mortgage Investment Trust (PENNYMAC) is a smart decision. We have analyzed the company’s financials and have determined that the fair value of its share is around $16.5. This is based on our proprietary valuation line which takes into account a variety of factors including current market conditions and performance metrics over the past few years. Currently, PENNYMAC’s stock is traded at $12.2, making it 25.8% undervalued. This makes it an attractive investment opportunity for those looking to capitalize on a bargain. We believe that PENNYMAC’s stock is poised for growth and that investing now will yield high returns in the future. More…
Peers
The mortgage industry is highly competitive, with many companies vying for market share. PennyMac Mortgage Investment Trust is one of the leading players in the industry, and its competitors include Ellington Financial Inc, Invesco Mortgage Capital Inc, and Two Harbors Investment Corp. Each of these companies has a strong presence in the marketplace, and they are all fighting for a piece of the pie.
– Ellington Financial Inc ($NYSE:EFC)
Ellington Financial Inc. is a real estate investment trust that focuses on originating, acquiring, financing, and managing mortgage-related and mortgage-backed securities. The company has a market capitalization of $799.24 million as of March 2022. Ellington Financial Inc. is headquartered in Old Greenwich, Connecticut.
– Invesco Mortgage Capital Inc ($NYSE:IVR)
Invesco Mortgage Capital Inc. is a holding company, which engages in the provision of financing and investment management solutions to the mortgage market. It operates through the following segments: Agency; Consumer; and Commercial. The company was founded in 1986 and is headquartered in Atlanta, GA.
– Two Harbors Investment Corp ($NYSE:TWO)
Harbors Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities. The company has a market cap of 1.23 billion as of 2022. Harbors Investment Corp is headquartered in New York, NY.
Summary
PENNYMAC MORTGAGE INVESTMENT TRUST has proven to be a reliable option for dividend investors in recent years, with an average dividend yield of 11.57% over the past three years. This rate is expected to remain consistent in the coming years, making it a great option for those looking for a dependable income stream from their investments. With its strong yields and reliable returns, PENNYMAC MORTGAGE INVESTMENT TRUST is a great choice for long-term investors looking to diversify their portfolios.
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