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| Chimera Investment's Series C Preferred Stock Crosses Above 8% Yield TerritoryBy Preferred Stock Channel Staff, Wednesday, November 20, 2:08 PM ET
In trading on Wednesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $24.04 on the day. This compares to an average yield of 8.59% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, CIM.PRC was trading at a 3.00% discount to its liquidation preference amount, versus the average discount of 27.33% in the "REITs" category. The chart below shows the one year performance of CIM.PRC shares, versus CIM:
Below is a dividend history chart for CIM.PRC, showing historical dividend payments on Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:CIM.PRC) is currently off about 0.8% on the day, while the common shares (NYSE:CIM) are off about 2.2%.
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