PennyMac Financial Services, Inc. (NYSE:PFSI) Plans $0.30 Quarterly Dividend

PennyMac Financial Services, Inc. (NYSE:PFSI) announced a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 17th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, August 27th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 17th.

PennyMac Financial Services has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. PennyMac Financial Services has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PennyMac Financial Services to earn $11.28 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 10.6%.

PennyMac Financial Services Trading Down 1.7%

Shares of NYSE:PFSI opened at $78.10 on Friday. PennyMac Financial Services has a 12-month low of $71.68 and a 12-month high of $160.36. The company has a market capitalization of $4.06 billion, a PE ratio of 10.73, a PEG ratio of 0.74 and a beta of 1.45. The business has a 50 day moving average of $81.68 and a two-hundred day moving average of $88.30. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.72). PennyMac Financial Services had a return on equity of 11.18% and a net margin of 17.74%.During the same quarter last year, the firm posted $2.54 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts forecast that PennyMac Financial Services will post 7.42 EPS 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.