Chimera Investment Co. Announces Quarterly Dividend of $0.37

Chimera Investment Co. (NYSE:CIM) made an announcement on Thursday, March 20th, regarding its quarterly dividend. Investors who are on record by Monday, March 31st, will receive a dividend of $0.37 per share, with payment scheduled for Wednesday, April 30th. This dividend indicates an annualized total of $1.48 and offers a yield of 10.86%.

Chimera Investment has seen a decline in its dividend payments over the past three years, dropping by an average of 27.0% annually. Currently, the company maintains a payout ratio of 85.5%, meaning its earnings sufficiently cover the dividend for now, though future earnings fluctuations could pose challenges.

Chimera Investment Stock Overview

On Thursday, CIM stock experienced a slight decline of $0.05, ending the trading day at $13.63. In total, 425,636 shares exchanged hands, which is fewer than its average trading volume of 550,167 shares. The stock's 50-day moving average is noted at $14.17, while its 200-day moving average stands at $14.79. With a market capitalization around $1.10 billion, the company reports a price-to-earnings (P/E) ratio of 12.61 and has a beta of 1.76. Over the past year, CIM's stock has fluctuated between a low of $11.29 and a high of $16.89. Financial liquidity ratios are revealing, with a current ratio of 0.06, a quick ratio of 3.03, and a debt-to-equity ratio recorded at 2.82.

The latest quarterly earnings were published on February 12th, indicating earnings per share (EPS) of $0.37, which fell short of the anticipated $0.47 EPS by $0.10. The company reported a net margin of 20.28% along with a return on equity of 7.00%. Forecasts suggest Chimera Investment could achieve 1.57 EPS for the current fiscal year.

Insider Transactions

In related developments, Director Gerard Creagh purchased 12,500 shares of CIM stock on March 11th. This acquisition occurred at an average cost of $13.31 per share, amounting to a total investment of $166,375.00. As a result of this purchase, the director's ownership has increased by 9.95%, totaling 138,127 shares, currently valued at around $1,838,470.37. The details of this insider transaction have been filed with the SEC.

Analyst Recommendations

Recent evaluations by various analysts reveal a mixed sentiment surrounding CIM stock. JMP Securities reiterated a "market perform" rating as of January 23rd, while StockNews.com downgraded the stock from a "buy" to a "hold" rating in their report dated February 13th.

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The firm's subsidiaries engage in investing a portfolio of mortgage assets, which includes residential mortgage loans, agency and non-agency mortgage-backed securities, and various real estate-related securities.

Chimera, Dividend, Investment