Chimera Investment Co. Declares Quarterly Dividend of $0.09 (CIM)
Chimera Investment (NYSE:CIM) declared a quarterly dividend on Wednesday, March 20th. Stockholders of record on Monday, April 1st will be given a dividend of $0.09 per share on Thursday, April 25th. This represents a $0.36 dividend on an annualized basis and a yield of 11.39%. The ex-dividend date of this dividend is Wednesday, March 27th.
On a related note, analysts at Credit Suisse raised their price target on shares of Chimera Investment from $2.75 to $3.00 in a research note to investors on Tuesday, March 12th. They now have a “neutral” rating on the stock.
Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Chimera Investment presently has an average rating of “Hold” and a consensus target price of $2.67.
Shares of Chimera Investment (NYSE: CIM) traded down 0.63% during mid-day trading on Wednesday, hitting $3.16. Chimera Investment has a one year low of $1.81 and a one year high of $3.24. The stock’s 50-day moving average is currently $3.06. The company has a market cap of $3.247 billion and a P/E ratio of 24.46.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE: CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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