Chimera Investment Corporation Declares Quarterly Dividend of $0.45 (NYSE:CIM)

Chimera Investment Corporation (NYSE:CIM) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Chimera Investment has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Chimera Investment has a payout ratio of 94.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Chimera Investment Trading Up 0.9%

Shares of Chimera Investment stock opened at $13.34 on Friday. Chimera Investment has a 12-month low of $11.67 and a 12-month high of $14.88. The stock has a market cap of $1.12 billion, a P/E ratio of -16.67 and a beta of 1.68. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.31. The business’s 50 day moving average is $13.35 and its 200-day moving average is $13.11.

Chimera Investment (NYSE:CIM) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $32.37 million for the quarter, compared to analyst estimates of $102.35 million. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.

About Chimera Investment

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.