In trading on Friday, shares of Chimera Investment Corp’s 8.00% Series A Cumulative Redeemable Preferred Stock (CIM.PRA) yielded over 9.5%, based on its quarterly dividend of $2.00 annually, with shares dropping as low as $21.00. This performance contrasts with an average yield of 8.07% in the “Real Estate” preferred stock category.
CIM.PRA was trading at a 15.56% discount to its liquidation preference, exceeding the average discount of 13.82% in the same category. On the day, CIM.PRA and the common shares (CIM) both saw a decrease of approximately 0.3%.
