Chimera Investment Corp’s Preferred Stock Shows Resilience Amid Market Fluctuations

On Wednesday, trading activity for Chimera Investment Corp’s 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) revealed a yield exceeding 8.5% based on its quarterly dividend, which is annualized to $2.00. Throughout the day, shares were recorded as low as $23.41. In comparison, the average yield in the “REITs” preferred stock category stood at 8.52%, according to data from Preferred Stock Channel.

At the close of trading, CIM.PRA was valued at a 4.00% discount to its liquidation preference amount, a stark contrast to the average discount of 26.43% within the “REITs” sector.

The chart below illustrates the one-year performance of CIM.PRA shares alongside CIM:

Additionally, here is a dividend history chart outlining the historical payments for Chimera Investment Corp’s 8.00% Series A Cumulative Redeemable Preferred Stock:

Free Report: Top 8%+ Dividends (Paid Monthly)

During Wednesday’s trading session, shares of Chimera Investment Corp’s preferred stock (CIM.PRA) dipped approximately 0.9%, whereas the common shares (CIM) saw an increase of around 1.9%.

More Information:

• FTA Videos
• Institutional Holders of CP
• WCC Price Target

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