Investors eagerly anticipate the dividend payout from PennyMac Mortgage PMT on July 28, 2023. With a payout of $0.40 per share and an annualized dividend yield of 12.48%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on July 13, 2023
PennyMac Mortgage Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-13 | 4 | $0.4 | 12.48% | 2023-06-09 | 2023-07-14 | 2023-07-28 |
| 2023-04-13 | 4 | $0.4 | 13.07% | 2023-03-15 | 2023-04-14 | 2023-04-28 |
| 2022-12-29 | 4 | $0.4 | 10.86% | 2022-12-07 | 2022-12-30 | 2023-01-27 |
| 2022-10-13 | 4 | $0.47 | 12.75% | 2022-09-21 | 2022-10-14 | 2022-10-28 |
| 2022-07-13 | 4 | $0.47 | 11.55% | 2022-06-02 | 2022-07-14 | 2022-07-28 |
| 2022-04-13 | 4 | $0.47 | 11.86% | 2022-03-04 | 2022-04-15 | 2022-04-28 |
| 2021-12-30 | 4 | $0.47 | 10.31% | 2021-12-07 | 2021-12-31 | 2022-01-31 |
| 2021-10-14 | 4 | $0.47 | 9.65% | 2021-09-21 | 2021-10-15 | 2021-10-28 |
| 2021-07-14 | 4 | $0.47 | 8.98% | 2021-06-23 | 2021-07-15 | 2021-07-29 |
| 2021-04-14 | 4 | $0.47 | 9.8% | 2021-03-24 | 2021-04-15 | 2021-04-29 |
| 2020-12-30 | 4 | $0.47 | 10.57% | 2020-12-18 | 2020-12-31 | 2021-01-29 |
| 2020-10-14 | 4 | $0.4 | 9.36% | 2020-09-23 | 2020-10-15 | 2020-10-30 |
When comparing PennyMac Mortgage's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer ARMOUR Residential REIT ARR having the highest annualized dividend yield at 18.50%.
Analyzing PennyMac Mortgage Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company experienced a decrease in dividend per share from 2019 to 2022, with the dividend per share decreasing from $1.88 to $1.81. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
YoY Earnings Growth For PennyMac Mortgage
Investors can observe a decrease in PennyMac Mortgage's earnings per share from $2.44 in 2019 to $-1.47 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
This article takes an in-depth look at PennyMac Mortgage's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.40 per share today, translating to an annualized dividend yield of 12.48%.
When comparing PennyMac Mortgage's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer ARMOUR Residential REIT having the highest annualized dividend yield at 18.50%.
With a decrease in dividend per share and earnings per share from 2019 to 2022, PennyMac Mortgage might be experiencing financial strain, raising concerns about the sustainability of their dividend distribution to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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