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Reminder: Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

By Preferred Stock Channel Staff, Monday, September 27, 1:31 PM ET

On 9/29/21, Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock (NYSE:CHMI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5125, payable on 10/15/21. As a percentage of CHMI.PRA's recent share price of $26.00, this dividend works out to approximately 1.97%, so look for shares of CHMI.PRA to trade 1.97% lower — all else being equal — when CHMI.PRA shares open for trading on 9/29/21. On an annualized basis, the current yield is approximately 7.84%, which compares to an average yield of 6.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, CHMI.PRA was trading at a 4.52% premium to its liquidation preference amount, versus the average premium of 5.50% in the "Real Estate" category. The chart below shows the one year performance of CHMI.PRA shares, versus CHMI:

Performance Comparison Chart

Below is a dividend history chart for CHMI.PRA, showing historical dividends prior to the most recent $0.5125 on Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock:

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In Monday trading, Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock (NYSE:CHMI.PRA) is currently off about 0.5% on the day, while the common shares (NYSE:CHMI) are up about 0.8%.

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