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PennyMac Mortgage Investment Trust, a publicly traded real estate investment trust (NYSE: PMT) that buys and sells mortgages, appointed Catherine A. Lynch, the retired chief executive officer and chief investment officer of the National Railroad Retirement Trust, to its board of trustees. “We are delighted to welcome Catherine’s passion and wide range of expertise to PMT’s board of trustees,” said PennyMac Mortgage Investment Trust Chairman and Chief Executive Officer David A. Spector.
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Dividend Yield: 9.56%
No. of hedge Fund Holders: 15
PennyMac Mortgage Investment Trust (NYSE: PMT) a specialty finance company invests in residential mortgage loans and mortgage-related assets. PNMAC Capital Management, owned by PennyMac Financial Services, Inc. (NYSE: PFSI), manages PMT.
Earlier in March the company declared a cash dividend of $0.47. In February, David A. Spector, CEO of the company, assumed the role of Chairman and will and continue serving as CEO. For Q3 2020 the net income was $99.3 million and EPS was $0.94.
PennyMac Mortgage Investment Trust (NYSE: PMT) stock has yielded a return of 96.81% over the last 12 months.