PennyMac Mortgage Investment Trust's board declared a second-quarter dividend of 50.7813 cents on its 8.125% series A fixed-to-floating-rate cumulative redeemable preferred shares of beneficial interest and 50 cents on its 8.00% series B fixed-to-floating-rate cumulative redeemable preferred shares of beneficial interest.

The dividends will be paid June 17 to shareholders of record as of June 1.