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

On 2/28/19, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/29/19. As a percentage of CIM.PRB's recent share price of $25.77, this dividend works out to approximately 1.94%, so look for shares of CIM.PRB to trade 1.94% lower - all else being equal - when CIM.PRB shares open for trading on 2/28/19. On an annualized basis, the current yield is approximately 7.76%, which compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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:

CIM.PRB+Dividend+History+Chart

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

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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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