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Ex-Div Reminder for Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By Preferred Stock Channel Staff, Tuesday, March 22, 1:34 PM ET

On 3/24/22, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/31/22. As a percentage of CIM.PRD's recent share price of $25.12, this dividend works out to approximately 1.99%, so look for shares of CIM.PRD to trade 1.99% lower — all else being equal — when CIM.PRD shares open for trading on 3/24/22. On an annualized basis, the current yield is approximately 7.96%, which compares to an average yield of 6.78% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, CIM.PRD was trading at a 0.48% premium to its liquidation preference amount. The chart below shows the one year performance of CIM.PRD shares, versus CIM:

Performance Comparison Chart

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

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In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRD) is currently trading flat on the day, while the common shares (NYSE:CIM) are up about 1.1%.

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