Chimera Investment Co. (NYSE:CIM) Announces $0.37 Quarterly Dividend

Chimera Investment Co. (NYSE:CIM) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders 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 raised its dividend payment 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. Research 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 Price Performance

Shares of Chimera Investment stock opened at $14.11 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of 4.28 and a beta of 1.71. Chimera Investment has a twelve month low of $11.28 and a twelve month high of $16.89. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The business has a 50-day moving average price of $15.06 and a 200 day moving average price of $14.68.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same period in the previous year, the business earned $0.39 earnings per share. Sell-side analysts predict that Chimera Investment will post 1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the acquisition, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by company 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.