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

Chimera Investment Co. (NYSE:CIM) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders 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 annualized dividend and a yield of 10.86%.

Chimera Investment has decreased its dividend payment by an average of 27.0% annually over the last three years. Chimera Investment has a payout ratio of 85.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Chimera Investment Stock Performance

Shares of CIM stock traded down $0.05 during trading on Thursday, reaching $13.63. 425,636 shares of the company’s stock traded hands, compared to its average volume of 550,167. The firm’s 50-day moving average is $14.17 and its 200 day moving average is $14.79. The company has a market capitalization of $1.10 billion, a P/E ratio of 12.61 and a beta of 1.76. Chimera Investment has a 1 year low of $11.29 and a 1 year high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last announced 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%. Equities research analysts expect that Chimera Investment will post 1.57 EPS for the current year.

Insider Activity

In related news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now directly owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

About Chimera Investment

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.