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. Stockholders 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 dividend yield of 11.31%. The ex-dividend date is Monday, March 31st.

Chimera Investment has decreased its dividend payment by an average of 27.0% per year over the last three years. Chimera Investment has a dividend 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 tumble.

Chimera Investment Stock Down 1.5 %

CIM opened at $13.09 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 12.12 and a beta of 1.76. The company has a 50-day moving average price of $14.07 and a 200 day moving average price of $14.70. Chimera Investment has a twelve month low of $11.29 and a twelve month high of $16.89. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last posted 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 return on equity of 7.00% and a net margin of 20.28%. 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 company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the acquisition, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CIM shares. Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research note 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.