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| Reminder: Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend SoonBy Preferred Stock Channel Staff, Tuesday, June 27, 2:11 PM ET
On 6/29/23, 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 7/17/23. As a percentage of CHMI.PRA's recent share price of $21.80, this dividend works out to approximately 2.35%, so look for shares of CHMI.PRA to trade 2.35% lower — all else being equal — when CHMI.PRA shares open for trading on 6/29/23. On an annualized basis, the current yield is approximately 9.40%, which compares to an average yield of 8.15% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CHMI.PRA was trading at a 12.80% discount to its liquidation preference amount. The chart below shows the one year performance of CHMI.PRA shares, versus CHMI:
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: Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Cherry Hill Mortgage Investment Corp's 8.20% Series A Cumulative Redeemable Preferred Stock (NYSE:CHMI.PRA) is currently trading flat on the day, while the common shares (NYSE:CHMI) are up about 1.2%.
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