Does PM pay monthly dividends?
PennyMac Mortgage Investment Trust (trading under the stock ticker PMT) does not distribute monthly dividends, following instead a traditional quarterly dividend payment schedule for its common shareholders. As a specialized real estate investment trust that invests in residential mortgage loans and mortgage-related assets, the enterprise generates cash flows used to fund regular quarterly cash distributions, which are evaluated by management and the board of directors based on net taxable income and market conditions.