Chimera Investment Co. (CIM) To Go Ex-Dividend on April 5th

Chimera Investment Co. (NYSE:CIMGet Free Report) announced a quarterly dividend on Thursday, March 28th, RTT News reports. Shareholders of record on Monday, April 8th will be paid a dividend of 0.11 per share by the real estate investment trust on Tuesday, April 30th. This represents a $0.44 annualized dividend and a yield of 9.87%. The ex-dividend date is Friday, April 5th.

Chimera Investment has decreased its dividend by an average of 20.6% annually over the last three years. Chimera Investment has a dividend payout ratio of 69.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chimera Investment to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 77.2%.

Chimera Investment Stock Down 1.8 %

Shares of CIM stock opened at $4.46 on Wednesday. Chimera Investment has a 12-month low of $4.17 and a 12-month high of $6.49. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00. The firm has a fifty day moving average of $4.55 and a 200-day moving average of $4.90. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.39 and a beta of 1.68.

Hedge Funds Weigh In On Chimera Investment

A number of large investors have recently bought and sold shares of CIM. Vanguard Group Inc. lifted its position in shares of Chimera Investment by 0.8% in the first quarter. Vanguard Group Inc. now owns 22,082,870 shares of the real estate investment trust’s stock worth $265,878,000 after purchasing an additional 176,508 shares in the last quarter. BlackRock Inc. increased its stake in Chimera Investment by 2.8% in the 2nd quarter. BlackRock Inc. now owns 20,117,947 shares of the real estate investment trust’s stock valued at $116,081,000 after buying an additional 547,920 shares during the last quarter. State Street Corp lifted its position in Chimera Investment by 3.7% during the 1st quarter. State Street Corp now owns 5,550,713 shares of the real estate investment trust’s stock worth $32,570,000 after buying an additional 198,432 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Chimera Investment by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,599,668 shares of the real estate investment trust’s stock worth $26,540,000 after buying an additional 172,670 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Chimera Investment in the 4th quarter valued at about $15,749,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group began coverage on Chimera Investment in a report on Wednesday, December 6th. They set a “neutral” rating and a $5.50 target price for the company.

View Our Latest Stock Report on Chimera Investment

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.

See Also

Dividend History for Chimera Investment (NYSE:CIM)

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