Chimera Investment Co. Announces Quarterly Dividend of $0.37

Chimera Investment Co. (NYSE:CIM) has revealed plans to issue a quarterly dividend of $0.37 per share, as announced on Thursday, March 20th. This dividend will be paid on Wednesday, April 30th to shareholders who are on record as of Monday, March 31st. The annualized dividend totals $1.48, providing a yield of 10.86%.

Chimera Investment has experienced a decline in its dividend payments by an average of 27.0% annually over the past three years. Currently, the company has a payout ratio of 85.5%, indicating that its dividend is supported by earnings at this time. However, there may be concerns over sustainability if earnings decline in the future.

Performance of Chimera Investment Stock

On Thursday, the stock price of CIM fell by $0.05, bringing it to $13.63. During this trading session, 425,636 shares were traded, which is below the average volume of 550,167. The company’s 50-day moving average sits at $14.17, while the 200-day moving average is $14.79. Chimera Investment boasts a market capitalization of $1.10 billion, a P/E ratio of 12.61, and a beta of 1.76. Over the past year, its share price has fluctuated, reaching a low of $11.29 and a high of $16.89. The financial ratios show a current ratio of 0.06, a quick ratio of 3.03, and a higher debt-to-equity ratio of 2.82.

In terms of earnings, Chimera Investment's last quarterly results were released on February 12th, when it reported earnings of $0.37 per share. This was below the consensus estimate of $0.47, missing expectations by $0.10. The company has a net margin of 20.28% and a return on equity of 7.00%. Analysts anticipate that Chimera will reach an EPS of 1.57 for the current fiscal year.

Insider Transactions

In related news, Director Gerard Creagh has made a recent purchase of 12,500 shares at an average price of $13.31 each, totaling $166,375.00. Following this transaction, Creagh now owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37, reflecting an increase of 9.95% in their holdings. This transaction was noted in an SEC filing.

Analyst Ratings

Recent reviews from analysts have provided varied assessments of Chimera Investment. JMP Securities reaffirmed a "market perform" rating on the company's shares on January 23rd. However, StockNews.com downgraded the stock from a "buy" to a "hold" rating on February 13th.

Overview of Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) within the United States. Through its subsidiaries, the company invests in a variety of mortgage assets, including residential mortgage loans, agency-backed securities, non-agency residential mortgage-backed securities, and other real estate-related securities.

Chimera, Dividend, Investment