PennyMac Mortgage Investment Trust
PMTReal Estate · Stock · quarterly payer
Forward Yield
16.16%
Annual Dividend
$1.60
Payout Ratio
138%
5-Yr Growth
1.0%
Ex-Date
Jul 9, 2026
Frequency
Quarterly
Summary
As of July 2026, PennyMac Mortgage Investment Trust (PMT) yields 16.16% ($1.60 per share annually), with a blended fair-value estimate of $33.49 — +238% 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 16.16% ($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 (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
- 16.16%
- Payout Ratio
- 138%
- Annual Dividend
- $1.60
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Jul 9, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.09
- Market Cap
- $863.3M
- P/E Ratio
- 8.5
- 5-Yr Total Return
- -49%
- 52-Week Range
- $9.80 – $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
-20%
3 Years
-26%
5 Years
-49%
52-Week Range
$9.80 – $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 $33.49 per share, versus a market price of $9.90. That implies 238% of upside — a margin of safety of about 70%.
Fair Value
$33.49
Current Price
$9.90
Upside
+238%
Margin of Safety
70%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.8% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.16 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
