Chimera Investment Co. (NYSE:CIM) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Stockholders of record on Friday, March 30th will be paid a dividend of 0.50 per share by the real estate investment trust on Monday, April 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.83%. The ex-dividend date is Thursday, March 29th.
Chimera Investment has increased its dividend by an average of 3.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Chimera Investment has a payout ratio of 85.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Chimera Investment to earn $2.41 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 83.0%.
Shares of Chimera Investment (NYSE CIM) traded up $0.11 during midday trading on Tuesday, reaching $16.90. 1,216,595 shares of the company were exchanged, compared to its average volume of 1,471,246. The firm has a market cap of $3,170.00, a PE ratio of 5.20 and a beta of 0.67. Chimera Investment has a 12-month low of $15.77 and a 12-month high of $20.90. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02.
In other Chimera Investment news, CIO Mohit Marria acquired 3,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were purchased at an average cost of $25.82 per share, with a total value of $77,460.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Chimera Investment stock. The Manufacturers Life Insurance Company grew its position in shares of Chimera Investment Co. (NYSE:CIM) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,580 shares of the real estate investment trust’s stock after purchasing an additional 341 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Chimera Investment were worth $123,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 50.50% of the company’s stock.
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About Chimera Investment
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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