Chimera Investment's Series D Preferred Stock Yield Pushes Past 8.5%By Preferred Stock Channel Staff, Thursday, February 8, 2:19 PM ETIn trading on Thursday, shares of Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRD) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $23.47 on the day. This compares to an average yield of 7.90% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CIM.PRD was trading at a 5.72% discount to its liquidation preference amount, versus the average discount of 14.15% in the "Real Estate" category. The chart below shows the one year performance of CIM.PRD shares, versus CIM:
Below is a dividend history chart for CIM.PRD, showing historical dividend payments on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRD) is currently down about 0.2% on the day, while the common shares (NYSE:CIM) are up about 1.8%.
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