Chimera Investment Corporation (CIM) to Issue Quarterly Dividend of $0.45 on July 31st

Chimera Investment Corporation (NYSE:CIM) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Tuesday, June 30th.

Chimera Investment has decreased its dividend 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $13.36 on Friday. The firm’s 50 day moving average price is $13.37 and its 200-day moving average price is $13.11. Chimera Investment has a twelve month low of $11.67 and a twelve month high of $14.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $1.12 billion, a PE ratio of -16.69 and a beta of 1.68.

Chimera Investment (NYSE:CIM) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $32.37 million during the quarter, compared to analyst estimates of $102.35 million. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%.

Institutional Investors Weigh In On Chimera Investment

Institutional investors have recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC grew its holdings in Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 936 shares in the last quarter. GAMMA Investing LLC grew its holdings in Chimera Investment by 864.7% during the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,862 shares in the last quarter. IFP Advisors Inc grew its holdings in Chimera Investment by 1,211.4% during the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Chimera Investment by 92.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Chimera Investment during the 4th quarter valued at approximately $105,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

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.