PennyMac Mortgage Investment Trust · PMT · NYSE
Dividend report · updated Nov 11, 2026
$7.50 -4.70% on the day, -$0.37
PMT stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is PMT’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$1.60·21.33%
$0.40 quarterly x 4 ⓘ
Next payment
~$0.40/qtr
pays ~Jan 10, 2027 (est.) ⓘ
Next ex-date
Jan 7, 2027est.
own by Jan 6, 2027 ⓘ
Years without a cut
3 yrs
since the 2022 cut (-14.9%) ⓘ
Paying since
2010
66 payments on file
Yield vs history ⓘ
83
Well above its usual yield
PMT share price & total return
Daily closing price, adjusted for stock splits.
PMT stock page »All dividend lists »Build a portfolio around PMT »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
PMT Dividend Growth (CAGR)
1Y 0.0%3Y 0.0%5Y -3.2%10Y -1.6%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 66 payments since 2010.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 estimated from the current $0.40 rate), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: 0% a year, its typical raise over the last 5 years. Today's $1.60 a year would stay $1.60 by 2031 - 21.33% on today's $7.50 price.

How Many PMT Shares for $500 or $1,000 a Month?

At $1.60 a share a year, $500 a month takes about 3,750 PMT shares, about $28,125 at the Nov 11, 2026 close of $7.50. $1,000 a month takes about 7,500 shares, about $56,250. Before taxes, and only while the rate holds.

PennyMac Mortgage Investment Trust (PMT) pays $0.40 a share quarterly, $1.60 a year, a 21.33% run-rate yield at the Nov 11, 2026 close of $7.50. It has made 66 dividend payments since 2010.

At today’s rate of $0.40 quarterly and the last close of $7.50, this is what PMT pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.40$0.13$1.60
100 shares$40.00$13.33$160.00
$10,000 invested (1,333.3 shares)$533.33$177.78$2,133.33
3,750 shares ($500/mo)$1,500.00$500.00$6,000.00
7,500 shares ($1,000/mo)$3,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 PMT shares reinvest into 5.33 new shares each payment, about 23.1 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 19 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with PMT’s own history in the PMT DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See PMT’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

PMT Dividend Yield Today vs Its 5-Year Range

83/100Well above its usual yieldvs its 3-yr history
  • PMT yields 21.33% today, at the Nov 11, 2026 close of $7.50.
  • Its own 3-year median is 12.49%, so today’s yield is well above its usual level.
Since Jan 2023: lowest to highest month-end yield
10.49% low21.42% high
Blue mark = today, grey = its 3-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 3 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is PMT’s Next Dividend? Ex-Date and Pay Date After October 2026

PMT has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 7, 2027, with the cash around Jan 10, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.40 a share, went ex on Oct 8, 2026 and paid Oct 12, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 3 days after the ex-date
  • Next earnings report: Feb 4, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does PMT Pay?

PMT pays quarterly, 4 times a year. Recent payments arrived in Apr, Jul, Oct and Dec, with ex-dates in Apr, Jul, Oct and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$1.60 a share, in 4 payments.
+0.0% against the 12 months before ($1.60 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Apr, Jul, Oct and Dec. Ex-dates fall in Apr, Jul, Oct and Dec (latest 4 payments).
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last change: cut Dec 29, 2022 - $0.47 to $0.40 (-14.89%)
  • Last raise: Dec 30, 2020 - $0.40 to $0.47 (+$0.07, +17.50%)
  • Usual $ step: $0.02 (median of the raises before it)
Coverage
  • FFO payout (approx.): 168.3% - $1.60 paid / $0.95 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: n/a (operating cash flow per share negative) - $1.60 paid / -$115.66 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 23.7% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): 300.0% - $1.60 paid / $0.46 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 158.4% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

PMT vs Similar Dividend Stocks (PMTU, PSTL...)

Against the 10 dividend-paying Real Estate companies closest to PMT in market value, PMT’s 21.33% run-rate yield is above the group’s middle yield of 7.08%, and its raise streak of 0 years is the 5th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
PMT $7.50PennyMac Mortgage Investment Trust $0.40/qtr$1.60/yr fwd 21.33% Dividend Safety Rating: paid plans only 3 yrsno raise streak
PMTU $25.18PennyMac Mortgage Investment Trust $0.531/qtr$2.12/yr fwd 8.44% Dividend Safety Rating: paid plans only 1+ yrno raise streak
PSTL $22.71Postal Realty Trust $0.245/qtr$0.98/yr fwd 4.32% Dividend Safety Rating: paid plans only 5+ yrsraised 5 yrs in a row
MFA $5.97MFA Financial $0.36/qtr$1.44/yr fwd 24.12% Dividend Safety Rating: paid plans only 5 yrsraised 1 yr in a row
MFAO $24.55MFA Financial, Inc. 9.000% Senior Notes $0.563/qtr$2.25/yr fwd 9.17% Dividend Safety Rating: paid plans only —no raise streak
SVC $5.47Service Properties Trust $0.05/qtr$0.20/yr fwd 3.66% Dividend Safety Rating: paid plans only 1 yrno raise streak
NWHUF $3.45Vital Infrastructure Property Trust $0.021/mo$0.25/yr fwd 7.30% Dividend Safety Rating: paid plans only 2 yrsno raise streak
JBGS $12.23JBG SMITH Properties $0.175/qtr$0.70/yr fwd 5.72% Dividend Safety Rating: paid plans only 2 yrsno raise streak
CIM $6.99Chimera Investment $0.45/qtr$1.80/yr fwd 25.75% Dividend Safety Rating: paid plans only 2 yrsraised 1 yr in a row
SAFE $10.32Safehold $0.177/qtr$0.71/yr fwd 6.86% Dividend Safety Rating: paid plans only 3 yrsno raise streak
CLDT $16.30Chatham Lodging Trust $0.10/qtr$0.40/yr fwd 2.45% Dividend Safety Rating: paid plans only 2+ yrsraised 1 yr in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: PMT vs PMTU, PMT vs PSTL, PMT vs MFA.

PMT Dividend History: Every Payment Since 2010

Ex-datePay dateAmountFrequencyType
Oct 8, 2026Oct 12, 2026$0.40QuarterlyRegular
Jul 9, 2026Jul 13, 2026$0.40QuarterlyRegular
Apr 9, 2026Apr 13, 2026$0.40QuarterlyRegular
Dec 26, 2025Dec 29, 2025$0.40QuarterlyRegular
Oct 10, 2025Oct 13, 2025$0.40QuarterlyRegular
Jul 11, 2025Jul 14, 2025$0.40QuarterlyRegular
Apr 11, 2025Apr 14, 2025$0.40QuarterlyRegular
Dec 27, 2024Dec 30, 2024$0.40QuarterlyRegular
Oct 11, 2024Oct 14, 2024$0.40QuarterlyRegular
Jul 12, 2024Jul 15, 2024$0.40QuarterlyRegular
The other 56 PMT payments come with a paid plan.
Show all 66 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for PMT

UnlockDividend Safety Rating: paid plans only
See where PMT lands, and why.
See the rating & factors »
Own PMT? Your payouts fill in by themselves Add PMT once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track PMT →

PMT Dividend Questions

How often does PMT pay dividends?

PMT pays quarterly, 4 times a year. Recent payments arrived in Apr, Jul, Oct and Dec, with ex-dates in Apr, Jul, Oct and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Does PMT pay dividends monthly?

No. PMT pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next PMT dividend?

PMT has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 7, 2027, with the cash around Jan 10, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.40 a share, went ex on Oct 8, 2026 and paid Oct 12, 2026. The current rate is $0.40 per share, $1.60 a year.

Does PMT pay a dividend in January 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Jan 7, 2027, with the cash around Jan 10, 2027, so a payment in January 2027 is likely. Only the company’s declaration makes it final.

How much does PMT pay per share?

PMT pays $0.40 a share quarterly, $1.60 a year. At the Nov 11, 2026 close of $7.50 that is a 21.33% run-rate yield, well above its usual level: its own 3-year median is 12.49%.

Has PMT raised its dividend?

PMT has no current streak of yearly raises. The latest raise, on Dec 30, 2020, took the rate from $0.40 to $0.47 (+17.50%). Since then the rate was cut on Dec 29, 2022, from $0.47 to $0.40. Over five years the dividend grew -3.2% a year.

Is PMT’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. It has gone 3 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my PMT dividends?

Add PMT to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run PMT in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 11, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.