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

Chimera Investment Co. (NYSE:CIM) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Monday, March 31st will be paid 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 dividend yield of 10.86%.

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

Chimera Investment Price Performance

CIM traded down $0.05 during midday trading on Thursday, hitting $13.63. The stock had a trading volume of 425,636 shares, compared to its average volume of 550,167. The company has a market cap 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 business has a fifty day moving average of $14.17 and a 200 day moving average of $14.79. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS 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%. As a group, equities analysts forecast that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Chimera Investment

In other news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CIM. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

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.