PennyMac Mortgage Investment Trust
PMTReal Estate · Stock · quarterly payer
Forward Yield
17.45%
Annual Dividend
$1.60
Payout Ratio
111%
5-Yr Growth
1.0%
Ex-Date
Oct 8, 2026
Frequency
Quarterly
Summary
As of September 2026, PennyMac Mortgage Investment Trust (PMT) yields 17.45% ($1.60 per share annually), with a blended fair-value estimate of $32.97 — +242% upside, so it screens as undervalued. Dividend safety grade: D (41/100).
Is PMT a good dividend stock?
Higher riskPennyMac Mortgage Investment Trust (PMT) pays a quarterly dividend yielding 17.45% ($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
- 17.45%
- 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
- 1.11
- Market Cap
- —
- P/E Ratio
- 6.4
- 5-Yr Total Return
- -53%
- 52-Week Range
- $9.05 – $13.81
- Dividend Safety
- D · 41/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
PMT Price — Last 12 Months
Daily close
Price Return
1 Year
-25%
3 Years
-26%
5 Years
-53%
52-Week Range
$9.05 – $13.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PMT worth?
Undervaluedlow confidenceOur blended fair-value estimate for PennyMac Mortgage Investment Trust is $32.97 per share, versus a market price of $9.64. That implies 242% of upside — a margin of safety of about 71%.
Fair Value
$32.97
Current Price
$9.64
Upside
+242%
Margin of Safety
71%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.9% discount rate (CAPM), 13.1% stage-1 growth, 2.5% terminal growth, $1.44 EPS, $1.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PMT Dividend Safety Score
Risky
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 9, 2026 | — | $0.4000 | regular |
| 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 |
Income Calculator
At $1.60 / yr per share
