PennyMac Mortgage Investment Trust Dividends
The next dividend date for PennyMac Mortgage Investment Trust has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for PennyMac Mortgage Investment Trust (PMT)
More About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, base servicing and excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.
Owning PennyMac Mortgage Investment Trust Stock on the Dividend Date
If you own PennyMac Mortgage Investment Trust stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of PennyMac Mortgage Investment Trust stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of PennyMac Mortgage Investment Trust stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying PennyMac Mortgage Investment Trust stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the PennyMac Mortgage Investment Trust dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More PennyMac Mortgage Investment Trust Dividends
You can contact us any time if you would like to ask questions about PennyMac Mortgage Investment Trust dividends or anything else related to the stock market.