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

Chimera Investment Co. (NYSE:CIM) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.37 per share by the real estate investment trust on Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.49%.

Chimera Investment has increased its dividend by an average of 32.6% per year over the last three years. Chimera Investment has a dividend payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Chimera Investment to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 94.3%.

Chimera Investment Stock Performance

Shares of CIM stock traded down $0.12 during mid-day trading on Thursday, reaching $14.11. The stock had a trading volume of 612,917 shares, compared to its average volume of 593,828. Chimera Investment has a one year low of $11.28 and a one year high of $16.89. The firm has a market cap of $1.14 billion, a PE ratio of 4.28 and a beta of 1.71. The firm’s 50 day simple moving average is $15.08 and its 200 day simple moving average is $14.68. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The firm had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Chimera Investment will post 1.47 EPS for the current year.

Insider Transactions at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the purchase, the executive now directly owns 100,000 shares of the company’s stock, valued at $1,491,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

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.