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Chimera Investment's Series A Preferred Stock Crosses Above 7.5% Yield Territory

In trading on Monday, shares of Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.42 on the day. This compares to an average yield of 6.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CIM.PRA was trading at a 6.88% premium to its liquidation preference amount, versus the average premium of 38.93% 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 dividend payments on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock:

CIM.PRA+Dividend+History+Chart

In Monday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently off about 1.1% on the day, while the common shares (Symbol: CIM) are off about 0.5%.

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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