Chimera Investment Co. Declares Quarterly Dividend of $0.37 (NYSE:CIM)

Chimera Investment Co. (NYSE:CIM - Get Free Report) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.37 per share by the real estate investment trust on Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.49%.

Chimera Investment has raised its dividend payment by an average of 32.6% annually over the last three years. Chimera Investment has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Chimera Investment to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 94.3%.

Chimera Investment Stock Down 0.8 %

CIM traded down $0.12 during midday trading on Thursday, hitting $14.11. 612,917 shares of the company's stock traded hands, compared to its average volume of 593,828. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The company has a market cap of $1.14 billion, a PE ratio of 4.28 and a beta of 1.71. The stock's fifty day simple moving average is $15.08 and its 200-day simple moving average is $14.68. Chimera Investment has a one year low of $11.28 and a one year high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The business had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. During the same quarter last year, the company earned $0.39 EPS. As a group, equities analysts anticipate that Chimera Investment will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the stock in a transaction on Monday, December 9th. The shares were bought at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the acquisition, the executive now directly owns 100,000 shares in the company, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company's stock.

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.

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