The $0.6045 payout on CHMI.PR.B marks a 10.01% forward yield, payable to shareholders of record by June 30.
Cherry Hill Mortgage Investment Corporation’s 8.250% cumulative preferred B series (CHMI.PR.B) announced a $0.6045 per share quarterly dividend. The payout equates to a 10.01% forward yield based on current pricing.
The dividend is payable on July 15 to shareholders of record as of June 30, with an ex-dividend date also set for June 30. The company’s prior quarterly dividend for the series was consistent with this level.
No immediate market reaction was disclosed following the announcement.