Chimera Investment Corporation (NYSE:CIM – Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.45 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 16.5%. The ex-dividend date of this dividend is Wednesday, September 30th.
Chimera Investment has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Chimera Investment has a payout ratio of 94.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Chimera Investment Stock Down 1.0%
Chimera Investment stock opened at $10.88 on Friday. The stock has a 50 day moving average of $11.93 and a two-hundred day moving average of $12.82. Chimera Investment has a twelve month low of $10.84 and a twelve month high of $14.22. The stock has a market capitalization of $911.18 million, a price-to-earnings ratio of -10.67 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 2.34.
Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust that invests in residential mortgage assets. The company’s portfolio has historically included residential mortgage-backed securities, residential mortgage loans and other mortgage-related investments, including both agency and non-agency assets.
Chimera seeks to generate income from the interest and cash flows associated with its investments. Its activities are primarily focused on the U.S. residential housing and mortgage markets, and the company may invest in assets with different levels of credit and prepayment risk.
Founded in 2007, Chimera is externally managed and has operated as a mortgage-focused REIT.
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