PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) Dividend Payout Ratio : 1.82 (As of Dec. 2023)

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What is PennyMac Mortgage Investment Trust Dividend Payout Ratio?

PennyMac Mortgage Investment Trust's dividend payout ratio for the months ended in Dec. 2023 was 1.82.

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.

The historical rank and industry rank for PennyMac Mortgage Investment Trust's Dividend Payout Ratio or its related term are showing as below:

PMT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.23 Max: 7.93
Current: 1.24

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.

PMT's Dividend Payout Ratio is ranked worse than
65.25% of 564 companies
in the REITs industry
Industry Median: 1.01 vs PMT: 1.24

As of today (2024-04-25), the Dividend Yield % of PennyMac Mortgage Investment Trust is 11.68%.

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

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

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.

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.

The growth rate is calculated with least square regression.

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

PennyMac Mortgage Investment Trust Dividend Payout Ratio Historical Data

The historical data trend for PennyMac Mortgage Investment Trust's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

PennyMac Mortgage Investment Trust Dividend Payout Ratio Chart

PennyMac Mortgage Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.78

6.50

7.93

1.23

PennyMac Mortgage Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	0.80	2.48	0.78	1.82

Competitive Comparison of PennyMac Mortgage Investment Trust's Dividend Payout Ratio

For the REIT - Mortgage subindustry, PennyMac Mortgage Investment Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PennyMac Mortgage Investment Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where PennyMac Mortgage Investment Trust's Dividend Payout Ratio falls into.

PennyMac Mortgage Investment Trust Dividend Payout Ratio Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2	/	1.631
	=	1.23

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

PennyMac Mortgage Investment Trust (NYSE:PMT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

PennyMac Mortgage Investment Trust Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of PennyMac Mortgage Investment Trust's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PennyMac Mortgage Investment Trust (NYSE:PMT) » Definitions » Dividend Payout Ratio

Comparable Companies

CIM FBRT TWO MFA LADR ARI EFC RWT KREF CMTG NLY STWD AGNC RITM BXMT ABR RC NYMT ARR DX

Traded in Other Exchanges

PMTpC.PFD:USA PMTpB.PFD:USA PMTpA.PFD:USA

Address

3043 Townsgate Road, Westlake Village, CA, USA, 91361

Website

https://www.pennymacmortgageinvestmenttrust.com

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