Chimera Investment Co. (CIM) To Go Ex-Dividend on March 31st

Chimera Investment Co. (NYSE:CIM) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Monday, March 31st will be given 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 yield of 10.95%. The ex-dividend date of this dividend is Monday, March 31st.

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

Chimera Investment Price Performance

CIM stock opened at $13.52 on Friday. Chimera Investment has a 1 year low of $11.29 and a 1 year high of $16.89. 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 stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $14.77. The firm has a market cap of $1.09 billion, a P/E ratio of 12.51 and a beta of 1.76.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, sell-side analysts expect that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Chimera Investment

In other news, Director Gerard Creagh acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, with a total value of $166,375.00. Following the transaction, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a 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.