Chimera Investment Co. (NYSE:CIM - Get Free Report) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.37 per share by the real estate investment trust on Thursday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 8.89%. The ex-dividend date is Monday, September 30th. This is an increase from Chimera Investment's previous quarterly dividend of $0.35.
Chimera Investment has increased its dividend payment by an average of 32.6% annually over the last three years. Chimera Investment has a payout ratio of 81.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Research analysts expect Chimera Investment to earn $1.61 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 87.0%.
Chimera Investment Stock Performance
Shares of Chimera Investment stock traded up $0.28 during trading on Friday, reaching $16.65. The company's stock had a trading volume of 1,717,181 shares, compared to its average volume of 623,616. Chimera Investment has a 52 week low of $11.28 and a 52 week high of $18.00. The firm has a market cap of $1.34 billion, a PE ratio of 10.97 and a beta of 1.73. The business's 50-day moving average price is $15.09 and its 200-day moving average price is $13.83. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 3.75.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. The firm had revenue of $186.72 million for the quarter, compared to analyst estimates of $66.50 million. During the same quarter in the prior year, the business posted $0.36 EPS. Equities analysts forecast that Chimera Investment will post 1.5 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have weighed in on CIM. StockNews.com cut Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target on Chimera Investment from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Thursday, August 8th.
Read Our Latest Analysis on CIM
Chimera Investment Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Chimera Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chimera Investment wasn't on the list.
While Chimera Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
