Chimera Investment Corporation (CIM) To Go Ex-Dividend on December 31st

Chimera Investment Corporation (NYSE:CIM) announced a quarterly dividend on Thursday, December 18th. Investors of record on Wednesday, December 31st will be given a dividend of 0.37 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Wednesday, December 31st.

Chimera Investment has decreased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Chimera Investment has a payout ratio of 77.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Chimera Investment Price Performance

Chimera Investment stock opened at $12.90 on Monday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -32.24 and a beta of 1.83. The company has a quick ratio of 8.22, a current ratio of 8.22 and a debt-to-equity ratio of 4.75. The business has a 50-day simple moving average of $12.63 and a 200 day simple moving average of $13.38. Chimera Investment has a 52 week low of $9.85 and a 52 week high of $15.37.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. Chimera Investment had a return on equity of 7.36% and a net margin of 4.27%.The firm had revenue of ($60.05) million during the quarter. On average, research analysts forecast that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Company Profile

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.