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Chimera Investment Corp. (NYSE:CIM) saw unusually-strong trading volume on Thursday following a dividend announcement from the company, reports. Approximately 14,152,030 shares traded hands during trading, an increase of 245% from the previous session’s volume of 4,097,049 shares.The stock last traded at $3.24 and had previously closed at $3.16.

The newly announced dividend is scheduled for Thursday, July 24th. Investors of record on Monday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 11.39%. The ex-dividend date is Thursday, June 26th.

The stock’s 50-day moving average is $3. and its 200-day moving average is $3.08. The company has a market cap of $3.319 billion and a P/E ratio of 8.80.

Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.

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