PennyMac Mortgage Investment Trust
PMTReal Estate · Stock · quarterly payer
$10.19
Add to PortfolioForward Yield
15.70%
Annual Dividend
$1.60
Payout Ratio
138%
5-Yr Growth
0.0%
Ex-Date
Apr 9, 2026
Frequency
Quarterly
PMT Dividend Safety Score
41/ 100
Grade D
Risky
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage138% of earnings paid out
Balance-sheet strengthDebt/equity of 10.90
Yield vs its historyYield is 1.4× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is PMT a good dividend stock?
Higher riskPennyMac Mortgage Investment Trust (PMT) pays a quarterly dividend yielding 15.70% ($1.60/yr), with 2 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 (138%)
- 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
- 15.70%
- Payout Ratio
- 138%
- Annual Dividend
- $1.60
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Apr 9, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.11
- Market Cap
- $888.6M
- P/E Ratio
- 8.8
- 5-Yr Total Return
- -52%
- 52-Week Range
- $10.01 – $13.81
- Dividend Safety
- D · 41/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 9, 2026 | — | $0.4000 | regular |
| Dec 26, 2025 | — | $0.4000 | regular |
| Oct 10, 2025 | — | $0.4000 | regular |
| Jul 11, 2025 | — | $0.4000 | regular |
| Apr 11, 2025 | — | $0.4000 | regular |
| Dec 27, 2024 | — | $0.4000 | regular |
| Oct 11, 2024 | — | $0.4000 | regular |
| Jul 12, 2024 | — | $0.4000 | regular |
| Apr 11, 2024 | — | $0.4000 | regular |
| Dec 28, 2023 | — | $0.4000 | regular |
| Oct 12, 2023 | — | $0.4000 | regular |
| Jul 13, 2023 | — | $0.4000 | regular |
| Apr 13, 2023 | — | $0.4000 | regular |
| Dec 29, 2022 | — | $0.4000 | regular |
Income Calculator
At $1.60 / yr per share
Per payment (quarterly)$40.00
Annual$160.00
Monthly avg$13.33
