Chimera Investment Corporation (CIM) to Issue Quarterly Dividend of $0.37 on January 30th

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 11.5%. The ex-dividend date of this dividend is Wednesday, December 31st.

Chimera Investment has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Chimera Investment has a dividend 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 Stock Performance

Shares of CIM opened at $12.92 on Friday. The company has a current ratio of 8.22, a quick ratio of 8.22 and a debt-to-equity ratio of 4.75. The firm has a market cap of $1.07 billion, a PE ratio of -32.30 and a beta of 1.83. Chimera Investment has a 12 month low of $9.85 and a 12 month high of $15.37. The stock has a fifty day moving average price of $12.63 and a 200-day moving average price of $13.41.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIM. Wedbush Securities Inc. raised its stake in shares of Chimera Investment by 3.2% during the 3rd quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 917 shares during the last quarter. VSM Wealth Advisory LLC grew its holdings in Chimera Investment by 64.3% during the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 936 shares during the period. Cetera Investment Advisers raised its position in Chimera Investment by 6.1% during the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,143 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in Chimera Investment by 13.6% in the second quarter. Moloney Securities Asset Management LLC now owns 11,447 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,367 shares during the period. Finally, Intech Investment Management LLC boosted its position in Chimera Investment by 4.5% in the 3rd quarter. Intech Investment Management LLC now owns 33,098 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 1,421 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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.