Chimera Investment Corporation to Issue Quarterly Dividend of $0.37 (NYSE:CIM)

Chimera Investment Corporation (NYSE:CIM) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Wednesday, December 31st will be paid 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 dividend yield of 11.4%. 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 increased its dividend annually for the last 1 consecutive years. Chimera Investment has a dividend payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Chimera Investment Trading Up 1.4%

Shares of CIM stock opened at $12.99 on Friday. Chimera Investment has a fifty-two week low of $9.85 and a fifty-two week high of $15.37. The stock has a market cap of $1.08 billion, a P/E ratio of -32.48 and a beta of 1.83. The business has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $13.41. The company has a quick ratio of 8.22, a current ratio of 8.22 and a debt-to-equity ratio of 4.75.

Chimera Investment (NYSE:CIM) last released its 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 net margin of 4.27% and a return on equity of 7.36%. The company had revenue of ($60.05) million for the quarter. On average, analysts forecast that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.