PMT stock dividend – PennyMac Mortgage Investment Trust Declares $0.40 Dividend Distribution

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PENNYMAC ($NYSE:PMT): PennyMac Mortgage Investment Trust is a real estate investment trust that focuses on the residential mortgage market. The company invests primarily in residential mortgage loans and mortgage-related assets. It recently announced a dividend of $0.40 per share, an increase of 2% from the prior quarter’s dividend. The company is managed by its executive officers and a board of directors made up of prominent business leaders and professionals.

PennyMac Mortgage Investment Trust has a long history of delivering strong returns to its shareholders with steady dividend growth. Its latest dividend of $0.40 per share is a clear indication of its commitment to provide shareholders with steady returns.

Dividends – PMT stock dividend

PENNYMAC MORTGAGE INVESTMENT TRUST has recently declared a $0.40 dividend distribution. This follows a trend of steady dividend payouts over the last three years, with annual payments of 1.81, 1.88, and 1.88 USD per share. These dividends have generated a generous yield of 11.57%, 11.57%, and 9.59%, respectively, over the past three years. The average dividend yield for 2021 to 2023 is 10.91%, making this an attractive investment opportunity for those looking to diversify their portfolio with dividend stocks.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for PMT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for PMT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for PMT. More…

Key Ratios Snapshot

Some of the financial key ratios for PMT are shown below. More…

Price History

On Friday, PMT opened at a price of $12.8 and closed at $12.7, a decrease of 1.0% from the previous closing price of $12.8. This dividend distribution marks the third consecutive quarter in which PMT has declared a dividend, and signals a positive outlook for the trust’s future performance. Investors in PMT should be further encouraged by this news, as the stock remains an attractive option for income-seeking investors. Live Quote…

Analysis – PMT Stock Intrinsic Value

GoodWhale has conducted a financial analysis of PENNYMAC MORTGAGE INVESTMENT TRUST. We have determined the fair value of the company’s share to be around $15.9 through our proprietary Valuation Line. The current trading price of the stock is $12.7, indicating that it is undervalued by 19.9%. Investors taking a long-term view could benefit from this undervaluation. 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 (PMT) is a mortgage real estate investment trust that specializes in investing in and managing residential mortgage backed securities. Additionally, PMT’s portfolio consists of non-agency mortgage backed securities, agency mortgage backed securities and other mortgage related investments. As such, PMT provides investors with a diversified portfolio and exposure to non-agency mortgages which have historically offered higher yields than traditional agency investments.