05:08 PM EDT, 07/23/2024 (MT Newswires) -- PennyMac Financial Services ( PFSI ) reported Q2 earnings of $1.85 per diluted share, up from $1.11 per share a year earlier.

Analysts polled by Capital IQ expected $2.54.

Revenue in the quarter ended June 30 rose to $406.1 million from $336.5 million a year earlier. Analysts polled by Capital IQ expected $469.5 million.

The company's board increased the quarterly dividend 50% to $0.30 a share, payable Aug. 23 to shareholders as of Aug.13.