PreferredStockChannel

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

By Preferred Stock Channel Staff, Tuesday, December 12, 1:36 PM ET

On 12/14/23, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of CIM.PRB's recent share price of $23.73, this dividend works out to approximately 2.11%, so look for shares of CIM.PRB to trade 2.11% lower — all else being equal — when CIM.PRB shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.40%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, CIM.PRB was trading at a 4.76% discount to its liquidation preference amount. The chart below shows the one year performance of CIM.PRB shares, versus CIM:

Performance Comparison Chart

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

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In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRB) is currently down about 0.3% on the day, while the common shares (NYSE:CIM) are trading flat.

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