Pennymac Financial Services (PFSI) Declares $0.40 Special Dividend; 2.1% Yield

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Go back to Pennymac Financial Services (PFSI) Declares $0.40 Special Dividend; 2.1% Yield

PennyMac Financial Services, Inc. Reports Second Quarter 2018 Results and Declares Special, One-Time Dividend

August 2, 2018 4:13 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $68.4 million for the second quarter of 2018, on revenue of $244.3 million. Net income attributable to PFSI common stockholders was $17.8 million, or $0.70 per diluted share. Book value per share increased to $21.19, from $20.74 at March 31, 2018.

Additionally, the PFSI Board of Directors declared a special, one-time cash dividend of $0.40 per share of PFSI Class A common stock. The dividend represents cash that resulted from previous tax-related distributions from Private National Mortgage Acceptance Company, LLC (PNMAC) in excess of... More