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PennyMac Changes Dividend Payment Schedule

DEC 27, 2013 4:48pm ET
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PennyMac Mortgage Investment Trust’s board going forward plans to pay quarterly dividends declared within the related quarter and paid in the subsequent month.

Previously the company had been distributing dividends to shareholders based on, among other factors, its estimate of taxable income for the related year.

The board has declared a cash dividend of 59 cents per common share of beneficial interest for the fourth quarter of 2013.

The dividend will be paid on Jan. 28, 2014 to common shareholders of record as of Jan. 10, 2014.

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