SmarterDividends
PMT

PennyMac Mortgage Investment Trust

PMT

Real Estate · REIT - Mortgage · Stock · quarterly payer

$7.06

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Forward Yield

22.66%

Annual Dividend

$1.60

Payout Ratio

111%

5-Yr Growth

1.0%

Ex-Date

Oct 8, 2026

Frequency

Quarterly

Key facts about PMT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, PennyMac Mortgage Investment Trust (PMT) has a forward dividend yield of 22.66%, based on an annual dividend of $1.60 per share and a share price of $7.06.
  • As of Oct 27, 2026, PMT's dividend safety grade from SmarterDividends is D (41 out of 100), which rates the dividend as unsafe.
  • PMT last cut its regular dividend in 2023.
  • PMT's most recent ex-dividend date was Oct 8, 2026, for a dividend of $0.40 per share.
  • As of Oct 27, 2026, PMT pays out 111% of its trailing 12-month earnings as dividends (its payout ratio).
  • PMT's dividend has grown at an average rate of 1.0% a year over the past five years.
  • As of Oct 27, 2026, PMT's 22.66% yield is 95% above its five-year average yield of 11.60%.
  • PennyMac Mortgage Investment Trust (PMT) pays its dividend quarterly, 4 times a year.
  • PennyMac Mortgage Investment Trust (PMT) has raised its regular dividend 8 times and cut it 3 times across the 66 payments on record since 2010. Its most recent change was a 14.9% cut to $0.400 per share, going ex-dividend on Dec 29, 2022.
Cite this page

SmarterDividends, "PMT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/PMT

Summary

As of Oct 27, 2026, PennyMac Mortgage Investment Trust (PMT) yields 22.66% ($1.60 a year per share) and has a dividend safety grade of D (41/100).

Is PMT a good dividend stock?

Higher risk

PennyMac Mortgage Investment Trust (PMT) pays a quarterly dividend yielding 22.66% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (111%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    22.66%
    Payout Ratio
    111%
    Annual Dividend
    $1.60
    5-Yr Avg Growth
    1.0%
    Ex-Dividend Date
    Oct 8, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    1.17
    Market Cap
    $615.6M
    P/E Ratio
    4.9
    5-Yr Total Return
    -59%
    52-Week Range
    $6.70 – $13.81
    Dividend Safety
    D · 41/100
    Ever Cut?
    Yes (2023)

    PMT dividend raises and cuts

    PennyMac Mortgage Investment Trust (PMT) has raised its regular dividend 8 times and cut it 3 times across the 66 payments on record since 2010. Its most recent change was a 14.9% cut to $0.400 per share, going ex-dividend on Dec 29, 2022.

    Ex-dateChangeOld → newMove
    Dec 29, 2022Cut$0.470 → $0.400−14.9%
    Dec 30, 2020Raise$0.400 → $0.470+17.5%
    Jul 14, 2020Raise$0.250 → $0.400+60.0%
    Apr 14, 2020Cut$0.470 → $0.250−46.8%
    Oct 13, 2015Cut$0.610 → $0.470−23.0%
    Oct 10, 2014Raise$0.590 → $0.610+3.4%
    Jan 8, 2014Raise$0.570 → $0.590+3.5%
    Nov 15, 2012Raise$0.550 → $0.570+3.6%
    Feb 15, 2012Raise$0.500 → $0.550+10.0%
    Aug 12, 2011Raise$0.420 → $0.500+19.0%
    Nov 17, 2010Raise$0.350 → $0.420+20.0%
    Every PMT payment →Download every raise and cut (CSV)
    PMT ex-dividend date & scheduleNext ex-date Oct 8, 2026 · full ex-dividend historyView →PMT dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is PMT a good dividend stock?

    Higher risk. PennyMac Mortgage Investment Trust (PMT) pays a quarterly dividend yielding 22.66% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

    Is PMT's dividend safe?

    PMT has a dividend-safety grade of D (41/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    Is PMT a buy, hold, or sell?

    We don't issue formal ratings, but on the data PMT screens as "higher risk". PennyMac Mortgage Investment Trust (PMT) pays a quarterly dividend yielding 22.66% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

    Will PMT cut its dividend?

    PMT earns a dividend-safety grade of D (41/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PMT pay a dividend?

    Yes. PennyMac Mortgage Investment Trust pays a quarterly dividend of about $1.60 per share annually, a forward yield of roughly 22.66%.

    What is PMT's dividend yield?

    As of Oct 27, 2026, PMT's forward dividend yield is 22.66%, based on a $1.60 annual dividend and a $7.06 share price.

    What is PMT's dividend per share?

    As of Oct 27, 2026, PMT pays $1.60 per share per year, distributed on a quarterly basis.

    What is PMT's dividend payout ratio?

    As of Oct 27, 2026, PMT's payout ratio is 111% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PMT grown its dividend?

    PMT does not currently have a long dividend-growth streak on record.

    When is the next PMT ex-dividend date?

    As of Oct 27, 2026, PMT's next ex-dividend date hasn't been announced. The most recent was Oct 8, 2026, for $0.40 per share.

    Income Calculator

    At $1.60 / yr per share

    Per payment (quarterly)$40.00
    Annual$160.00
    Monthly avg$13.33

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