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PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) 3-Year Dividend Growth Rate : 9.60% (As of Dec. 2023)


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What is PennyMac Mortgage Investment Trust 3-Year Dividend Growth Rate?

PennyMac Mortgage Investment Trust's Dividends per Share for the three months ended in Dec. 2023 was $0.80.

The historical rank and industry rank for PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate or its related term are showing as below:

PMT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -16   Med: 1.2   Max: 43.6
Current: 9.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of PennyMac Mortgage Investment Trust was 43.60% per year. The lowest was -16.00% per year. And the median was 1.20% per year.

PMT's 3-Year Dividend Growth Rate is ranked better than
74.56% of 507 companies
in the REITs industry
Industry Median: 2.1 vs PMT: 9.60

During the past 12 months, PennyMac Mortgage Investment Trust's average Dividends Per Share Growth Rate was 6.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

PennyMac Mortgage Investment Trust's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.82. As of today, PennyMac Mortgage Investment Trust's Dividend Yield % is 11.29%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PennyMac Mortgage Investment Trust is 1.24, which seems too high.

Warning Sign:

PennyMac Mortgage Investment Trust stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate

For the REIT - Mortgage subindustry, PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where PennyMac Mortgage Investment Trust's 3-Year Dividend Growth Rate falls into.



PennyMac Mortgage Investment Trust 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


PennyMac Mortgage Investment Trust  (NYSE:PMT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

PennyMac Mortgage Investment Trust's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.8/ 0.44
=1.82

During the past 13 years, the highest Dividend Payout Ratio of PennyMac Mortgage Investment Trust was 7.93. The lowest was 0.78. And the median was 1.23.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PennyMac Mortgage Investment Trust is 1.24, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

PennyMac Mortgage Investment Trust Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4002024-04-112024-04-122024-04-26Cash DividendquarterlyUSD:USD 1.000000
USD 0.4002023-12-282023-12-292024-01-26Cash DividendquarterlyUSD:USD 1.000000
USD 0.4002023-10-122023-10-132023-10-27Cash DividendquarterlyUSD:USD 1.000000
USD 0.4002023-07-132023-07-142023-07-28Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

PennyMac Mortgage Investment Trust's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.6/14.14
=11.32 %

Current Share Price is $14.14.
PennyMac Mortgage Investment Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.6.

During the past 13 years, the highest Dividend Yield of PennyMac Mortgage Investment Trust was 26.86%. The lowest was 7.15%. And the median was 10.69%.

Warning Sign:

PennyMac Mortgage Investment Trust stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PennyMac Mortgage Investment Trust 3-Year Dividend Growth Rate Related Terms>


PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) Business Description

Traded in Other Exchanges
Address
3043 Townsgate Road, Westlake Village, CA, USA, 91361
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.
Executives
Scott W. Carnahan director 3820 VISTA AZUL, SAN CLEMENTE CA 92672
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Donna M Corley director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Doug Jones officer: Chief Correspondent Lending Of C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
William Herbert Chang officer: Chief Investment Officer PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Stacey D. Stewart director 5920 WALHONDING ROAD, BETHESDA MD 20816
Marianne Sullivan director C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
David Spector officer: President and COO, other: Trustee C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
James Follette officer: Chief Mortgage Fulfillment Ofr PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Renee Schultz director C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Derek Stark officer: Chief Legal Officer 4500 PARK GRANADA, CALABASAS CA 91302
Frank P Willey director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Randall D. Hadley director 23821 FAIRGREENS EAST, LAGUNA NIGUEL CA 92677
Nancy Mcallister, director 30 CAMP WOODBINE ROAD, PORT JEFFERSON NY 11777
Preston Paul Dufauchard, Jr. director 11230 ELVESSA STREET, OAKLAND CA 94605