Chimera Investment’s Series B Preferred Stock Shares Cross 8% Yield Mark


In trading on Monday, shares of Chimera Investment Corp’s 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.94 on the day. This compares to an average yield of 6.09% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, CIM.PRB was trading at a 0.88% premium to its liquidation preference amount, versus the average premium of 3.54% in the “Real Estate” category.

Below is a dividend history chart for CIM.PRB, showing historical dividend payments on Chimera Investment Corp’s 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:

CIM.PRB+Dividend+History+Chart


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In Monday trading, Chimera Investment Corp’s 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.8% on the day, while the common shares (Symbol: CIM) are down about 3.3%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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