PennyMac Mortgage Investment Trust's latest quarterly dividend was on Apr 11, 2024 (ex-date) with a payout of $0.4 per share. On an annualized basis, the company has a current payout of $1.6 per share. This brings the dividend yield to 11.32% based on its recent close price.
PMT has a dividend yield of 11.32% which is higher than the Real Estate sector average but lower than the industry average. If we compare it with the Real Estate sector average of 6.43%, PennyMac Mortgage Investment Trust's dividend yield is 76% higher. The historical 5-year average of PMT's dividend yield is 11.3%, which is in line with the current one.
PennyMac Mortgage Investment Trust has been paying dividends since 2010. PMT has distributed four quarterly dividends in the past year. The annualized dividend per share has decreased by 8% for the last twelve months. And with the price of the stock up by 21% from a year ago, the dividend yield has decreased by 24%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 11, 2024 | Apr 26, 2024 | Mar 21, 2024 | $0.4 | normal |
| Dec 28, 2023 | Jan 26, 2024 | Dec 6, 2023 | $0.4 | normal |
| Oct 12, 2023 | Oct 27, 2023 | Aug 31, 2023 | $0.4 | normal |
| Jul 13, 2023 | Jul 28, 2023 | Jun 9, 2023 | $0.4 | normal |
| Apr 13, 2023 | Apr 28, 2023 | Mar 15, 2023 | $0.4 | normal |
| Dec 29, 2022 | Jan 27, 2023 | Dec 7, 2022 | $0.4 | normal |
| Oct 13, 2022 | Oct 28, 2022 | Sep 21, 2022 | $0.47 | normal |
| Jul 13, 2022 | Jul 28, 2022 | Jun 2, 2022 | $0.47 | normal |
| Apr 13, 2022 | Apr 28, 2022 | Mar 4, 2022 | $0.47 | normal |
| Dec 30, 2021 | Jan 31, 2022 | Dec 7, 2021 | $0.47 | normal |
| Oct 14, 2021 | Oct 28, 2021 | Sep 21, 2021 | $0.47 | normal |
| Jul 14, 2021 | Jul 29, 2021 | Jun 23, 2021 | $0.47 | normal |
| Apr 14, 2021 | Apr 29, 2021 | Mar 24, 2021 | $0.47 | normal |
| Dec 30, 2020 | Jan 29, 2021 | Dec 18, 2020 | $0.47 | normal |
| Oct 14, 2020 | Oct 30, 2020 | Sep 23, 2020 | $0.4 | normal |
| Jul 14, 2020 | Jul 30, 2020 | Jun 19, 2020 | $0.4 | normal |
| Apr 14, 2020 | Apr 30, 2020 | Mar 25, 2020 | $0.25 | normal |
| Dec 30, 2019 | Jan 30, 2020 | Dec 20, 2019 | $0.47 | normal |
| Oct 10, 2019 | Oct 30, 2019 | Sep 24, 2019 | $0.47 | normal |
| Jul 12, 2019 | Jul 30, 2019 | Jun 26, 2019 | $0.47 | normal |
| Apr 12, 2019 | Apr 29, 2019 | Mar 26, 2019 | $0.47 | normal |
| Dec 28, 2018 | Jan 28, 2019 | Dec 21, 2018 | $0.47 | normal |
| Oct 12, 2018 | Oct 30, 2018 | $0.47 | normal | |
| Jul 12, 2018 | Jul 30, 2018 | Jun 27, 2018 | $0.47 | normal |
| Apr 12, 2018 | Apr 27, 2018 | Mar 28, 2018 | $0.47 | normal |
| Dec 28, 2017 | Jan 26, 2018 | Dec 19, 2017 | $0.47 | normal |
| Oct 12, 2017 | Oct 30, 2017 | Sep 27, 2017 | $0.47 | normal |
| Jul 11, 2017 | Jul 27, 2017 | Jun 26, 2017 | $0.47 | normal |
| Apr 11, 2017 | Apr 27, 2017 | Mar 27, 2017 | $0.47 | normal |
| Dec 28, 2016 | Jan 27, 2017 | Dec 20, 2016 | $0.47 | normal |
| Oct 5, 2016 | Oct 27, 2016 | Sep 26, 2016 | $0.47 | normal |
| Jul 12, 2016 | Jul 28, 2016 | Jun 28, 2016 | $0.47 | normal |
| Apr 8, 2016 | Apr 28, 2016 | Mar 28, 2016 | $0.47 | normal |
PMT has a payout ratio of 88.9% which is lower than the Real Estate sector and the industry average. If we compare it with the Real Estate sector average of 137.5%, PennyMac Mortgage Investment Trust's payout ratio is 35% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PMT PennyMac Mortgage Investment Trust | 11.32% | $1.6 | 88.9% |
| SBRA Sabra Health Care REIT Inc | 8.79% | $1.2 | 2,000% |
Yes, PennyMac Mortgage Investment Trust has been paying dividends for the last 14 years.
At this point we don't have a record of PMT's next dividend date, but based on the current dividend schedule we project that it will likely be in July 2024.
PennyMac Mortgage Investment Trust's last dividend ex-date was on Apr 11, 2024. The dividend amount was $0.4 per share.
PMT's annualized dividend per share is $1.6.
The current dividend yield of PennyMac Mortgage Investment Trust is 11.32%.
PennyMac Mortgage Investment Trust has a quarterly dividend frequency.
The dividend payout ratio of PennyMac Mortgage Investment Trust is 88.9%.
PennyMac Mortgage Investment Trust's dividend yield is more than the Real Estate sector average.