PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) News
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PMT News Highlights
- PMT's 30 day story count now stands at 7.
- Over the past 24 days, the trend for PMT's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about PMT are ACT, PAY and PFSI.
Latest PMT News From Around the Web
Below are the latest news stories about PENNYMAC MORTGAGE INVESTMENT TRUST that investors may wish to consider to help them evaluate PMT as an investment opportunity.
PennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior NotesWESTLAKE VILLAGE, Calif., September 18, 2023--PennyMac Mortgage Investment Trust (NYSE: PMT) (the "Company") today announced that it has priced an underwritten public offering of $50,000,000 aggregate principal amount of its 8.50% Senior Notes due 2028 (the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by PennyMac Corp., an indirect wholly-owned subsidiary of the Company. The Notes will be issued in minimum denominations and integral multiples of $2 |
PennyMac Mortgage Investment Trust Announces Public Offering of Senior NotesWESTLAKE VILLAGE, Calif., September 18, 2023--PennyMac Mortgage Investment Trust (NYSE: PMT) (the "Company") today announced that it is commencing an underwritten public offering of senior notes due 2028 (the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by PennyMac Corp., an indirect wholly-owned subsidiary of the Company. The Company intends to use the net proceeds from the offering to fund its business and investment activities, which may include |
Implied Volatility Surging for PennyMac Mortgage (PMT) Stock OptionsInvestors need to pay close attention to PennyMac Mortgage (PMT) stock based on the movements in the options market lately. |
Investors in This REIT Got a ‘Nasty’ Surprise. Why It Pays to Read the Fine Print.Investors in PennyMac’s fixed-to-floating-rate preferred shares probably didn’t expect the REIT to adhere strictly to the contract when Libor ceased to exist. |
PennyMac Mortgage Investment Trust to Present at the 2023 Barclays Global Financial Services ConferenceWESTLAKE VILLAGE, Calif., September 05, 2023--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2023 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 2:45 p.m. Eastern Time on Monday, September 11, 2023. |
PennyMac Mortgage Investment Trust Declares Third Quarter 2023 Dividend for Its Common SharesWESTLAKE VILLAGE, Calif., August 31, 2023--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the third quarter of 2023. This dividend will be paid on October 27, 2023, to common shareholders of record as of October 13, 2023. |
PennyMac Mortgage Investment Trust Announces LIBOR Replacement Rate for its Series A and Series B Preferred SharesWESTLAKE VILLAGE, Calif., August 25, 2023--In March 2021, the U.K.'s Financial Conduct Authority announced that after June 30, 2023, the USD LIBOR for a three-month tenor would cease publication or no longer be representative. In connection with the cessation of representative USD LIBOR, in March 2022, the U.S. Congress enacted the Adjustable Interest Rate (LIBOR) Act (the "LIBOR Act"), and in December 2022 the Board of Governors of the Federal Reserve System (the "Federal Reserve") issued a fin |
PennyMac Mortgage Investment Trust Declares Third Quarter 2023 Dividends for Its Preferred SharesWESTLAKE VILLAGE, Calif., August 21, 2023--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the third quarter of 2023 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PrA), its 8.000% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PrB) and its 6.750% Series C Cumulative Redeemable Preferred Shares |
Here's How PennyMac Mortgage Trust Can Afford Its 12% Dividend YieldTimes are tough in the mortgage business. The Federal Reserve's aggressive tightening campaign has raised interest rates and choked off mortgage refinancing activity. Higher rates also have hurt the values of mortgage-backed securities. |
Q2 2023 PennyMac Mortgage Investment Trust Earnings CallQ2 2023 PennyMac Mortgage Investment Trust Earnings Call |