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Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock Ex-Dividend Reminder

By Preferred Stock Channel Staff, Tuesday, September 14, 1:43 PM ET

On 9/16/21, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (NYSE:CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/30/21. As a percentage of CIM.PRA's recent share price of $25.75, this dividend works out to approximately 1.94%, so look for shares of CIM.PRA to trade 1.94% lower — all else being equal — when CIM.PRA shares open for trading on 9/16/21. On an annualized basis, the current yield is approximately 7.76%, which compares to an average yield of 6.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, CIM.PRA was trading at a 3.04% premium to its liquidation preference amount, versus the average premium of 6.01% in the "Real Estate" category. The chart below shows the one year performance of CIM.PRA shares, versus CIM:

Performance Comparison Chart

Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock:

Free Report: Top 7%+ Dividends (paid monthly)

In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (NYSE:CIM.PRA) is currently trading flat on the day, while the common shares (NYSE:CIM) are trading flat.

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