PennyMac Mortgage Investment Trust (PMT) will raise its quarterly dividend by 3.4 percent to $0.61 per share in 2015. This follows last year's 3.5 percent dividend hike by the mREIT last year.
PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PennyMac Mortgage Investment Trust operates through two segments: correspondent production and investment activities. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (PFSI). The company has paid a dividend every year since 2010.