PennyMac Financial Services, Inc. (PFSI) to Issue Quarterly Dividend of $0.30 on May 28th

PennyMac Financial Services, Inc. (NYSE:PFSI) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.30 per share by the real estate investment trust on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, May 18th.

PennyMac Financial Services has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. PennyMac Financial Services has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PennyMac Financial Services to earn $15.47 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.8%.

PennyMac Financial Services Trading Down 2.5%

Shares of NYSE PFSI opened at $85.63 on Friday. PennyMac Financial Services has a twelve month low of $82.65 and a twelve month high of $160.36. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 3.63. The stock has a fifty day simple moving average of $88.74 and a 200-day simple moving average of $111.74. The stock has a market capitalization of $4.45 billion, a PE ratio of 9.10, a PEG ratio of 0.57 and a beta of 1.49.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). PennyMac Financial Services had a net margin of 23.47% and a return on equity of 10.93%. The firm had revenue of $544.98 million during the quarter, compared to analyst estimates of $546.17 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, equities analysts forecast that PennyMac Financial Services will post 10.68 earnings per share for the current year.

About PennyMac Financial Services

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.