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Chimera Investment Corp. (NYSE:CIM)’s share price reached a new 52-week high during trading on Friday , American Banking News reports. The stock traded as high as $3.30 and last traded at $3.27, with a volume of 7,414,083 shares traded. The stock had previously closed at $3.30.

The stock has a 50-day moving average of $3.10 and a 200-day moving average of $3.09. The company has a market cap of $3.350 billion and a P/E ratio of 9.43.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 24th. Stockholders 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 10.91%. The ex-dividend date is Thursday, June 26th.

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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