PennyMac Mortgage Investment Trust(NYSE:PMT) Declares Dividend of $0.4700.

PennyMac Mortgage Investment Trust (NYSE:PMT) had declared a cash dividend of $0.4700 on Jun 28, 2016. The shares will quote ex-dividend on Jul 12, 2016 and the record date has been fixed for Jul 14, 2016. On Jun 28, 2016 share price, the yield comes out to be 11.5835%. The dividend payable date has been fixed on Jul 28, 2016.

In a different note, On Jun 13, 2016, Keefe Bruyette & Woods said it Maintains its rating on PennyMac Mortgage Investment Trust. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Outperform’ by the firm.

PennyMac Mortgage Investment Trust (PMT) made into the market gainers list on Fridays trading session with the shares advancing 0.62% or 0.1 points. Due to strong positive momentum, the stock ended at $16.33, which is also near the day’s high of $16.36. The stock began the session at $16.25 and the volume stood at 5,01,923 shares. The 52-week high of the shares is $18.65 and the 52 week low is $10.91. The company has a current market capitalization of $1,120 M and it has 6,85,87,094 shares in outstanding.

PennyMac Mortgage Investment Trust(PMT) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $52.22M. Analysts had an estimated revenue of $30.22M. Earnings per share were $0.20.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Gregory L Hendry (Chief Accounting Officer) sold 525 shares at $15.71 per share price.Also, On Jun 6, 2016, Stacey D. Stewart (director) sold 647 shares at $15.71 per share price.On Jun 6, 2016, David Spector (President and COO) sold 8,235 shares at $15.79 per share price, according to the Form-4 filing with the securities and exchange commission.

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations and makes all of its investments through PennyMac Operating Partnership L.P. and its subsidiaries. The Company operates through two segments. The correspondent production segment represents the Company’s operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS) using the services of PNMAC Capital Management and PennyMac Loan Services LLC. The investment activities segment represents the Company’s investments in mortgage-related assets which include distressed mortgage loans real estate acquired in settlement of loans MBS mortgage servicing rights and excess servicing spread.

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