On Monday, shares of Chimera Investment Corp’s 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) yielded over 10%, based on a quarterly dividend of $2.3868, with prices dipping as low as $23.85. This yield significantly exceeds the average of 8.07% in the Real Estate preferred stock category, according to Preferred Stock Channel. Currently, CIM.PRD is trading at a 1.96% discount to its liquidation preference, much smaller than the average discount of 14.38% for its category.
As of Monday’s trading, CIM.PRD was up approximately 0.6%, while the common shares (Symbol: CIM) remained stable.
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