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

Chimera Investment Co. (NYSE:CIM - Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.37 per share by the real estate investment trust on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Monday, March 31st.

Chimera Investment has decreased its dividend payment by an average of 27.0% annually over the last three years. Chimera Investment has a dividend payout ratio of 87.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall.

Chimera Investment Trading Down 0.0 %

NYSE:CIM traded down $0.01 during trading hours on Monday, hitting $13.54. The stock had a trading volume of 596,447 shares, compared to its average volume of 553,689. The business's 50 day moving average is $14.15 and its 200-day moving average is $14.76. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.53 and a beta of 1.76. Chimera Investment has a one year low of $11.29 and a one year high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Sell-side analysts anticipate that Chimera Investment will post 1.57 EPS for the current fiscal year.

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Insider Activity at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the purchase, the director now owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.

Chimera Investment Company Profile

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.