Cherry Hill Mortgage Declares $0.10 Quarterly Dividend
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI), a mortgage REIT specializing in residential mortgage-backed securities and mortgage servicing rights, declared a $0.10 per share quarterly dividend on December 12, 2025.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI), a mortgage REIT specializing in residential mortgage-backed securities and mortgage servicing rights, declared a $0.10 per share quarterly dividend on December 12, 2025. The dividend was paid January 30, 2026 to common stockholders of record as of December 31, 2025. Read more dividend announcements.
The annualized dividend yield stood at 15.4% based on the closing price of the company's common stock on February 24, 2026. The quarterly payout represents one of the higher yields in the mortgage REIT sector.
| Dividend Details | Information |
|---|---|
| Amount | $0.10 per share |
| Declaration Date | December 12, 2025 |
| Record Date | December 31, 2025 |
| Payment Date | January 30, 2026 |
| Type | Quarterly Cash |
The company's board of directors also declared dividends on its preferred stock series. Series A Cumulative Redeemable Preferred Stock holders received $0.5125 per share, while Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock holders received $0.6259 per share. Both preferred dividends were paid January 15, 2026 to shareholders of record as of December 31, 2025.
Fourth Quarter 2025 Financial Results
Cherry Hill reported GAAP net income applicable to common stockholders of $5.3 million, or $0.14 per share, for the fourth quarter of 2025. Earnings available for distribution attributable to common stockholders totaled $3.9 million, or $0.11 per diluted share.
Common book value per share stood at $3.44 at December 31, 2025, net of the fourth quarter dividend. The company reported net interest income of $3.2 million and net servicing income of $8.1 million during the quarter.
The mortgage servicing rights portfolio had an unpaid principal balance of $15.9 billion and a carrying value of $214.8 million at quarter end. The RMBS portfolio carried a book value of approximately $1.2 billion with a weighted average coupon of 4.98% and weighted average maturity of 27 years.
Net interest spread for the RMBS portfolio measured 2.52% and aggregate portfolio leverage stood at 5.4 times at December 31, 2025. The company held unrestricted cash of $54.9 million at quarter end.
Cherry Hill utilized interest rate swaps with a notional amount of $828.7 million, along with TBAs, Treasury futures, and Eris SOFR swap futures to mitigate duration and interest rate risk associated with its RMBS and MSR holdings.