PennyMac Financial Services, Inc. (NYSE:PFSI) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.15 per share is scheduled to be paid on November 25, 2020. The dividend yield based on the latest trading day closing price was 1.07 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 13, 2020.
Dividends History
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PennyMac Financial Services, Inc. recently reported third quarter financial results on November 5, 2020, after market close, the Westlake Village based company revealed income for the third quarter of $ 7.03 per share, from the revenue of $ 1,120.00 million. The quarterly earnings up 365.56 percent while revenues escalated 156.67 percent compared with the same quarter last year.
Wall street analysts are predicting, PFSI to report 3Q20 income of $ 5.34 per share from revenue of $ 957.77 million. The bottom line results beat street analysts by $ 1.69 or 31.65 percent, at the same time, top line results outshined analysts by $ 162.23 million or 16.94 percent.
Stock Performance
Shares of PennyMac Financial Services, Inc. traded up $ 1.04 or 1.88 percent on Wednesday, reaching $ 56.24 with volume of 862.00 thousand shares. PennyMac Financial Services, Inc. has traded high as $ 56.77 and has cracked $ 54.58 on the downward trend
The closing price of $ 56.24, representing a 320.09 % increase from the 52 week low of $ 13.14 and a 18.55 % decrease over the 52 week high of $ 67.77.
The company has a market capital of $ 4.07 billion and is part of the Financial Services sector and Specialty Finance industry.
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
