Chimera Investment Corporation (CIM) to Issue Quarterly Dividend of $0.45 on April 30th

Chimera Investment Corporation (NYSE:CIM) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 21.6% increase from Chimera Investment’s previous quarterly dividend of $0.37.

Chimera Investment has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 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 fall.

Chimera Investment Trading Down 2.2%

Shares of CIM opened at $12.44 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 2.71. The stock has a market cap of $1.04 billion, a PE ratio of 7.11 and a beta of 1.80. Chimera Investment has a 1 year low of $9.85 and a 1 year high of $14.88. The stock has a 50 day simple moving average of $13.12 and a 200-day simple moving average of $12.99.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%.The business had revenue of $72.01 million for the quarter, compared to analyst estimates of $80.77 million. On average, sell-side analysts predict that Chimera Investment will post 1.57 EPS 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.