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On Monday, shares of Chimera Investment Corp’s 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) yielded over 9% based on a quarterly dividend of $2.00, with shares trading as low as $21.95. This yield significantly exceeds the average yield of 7.78% in the “Real Estate” preferred stock category.
As of the last close, CIM.PRA was priced at a 10.20% discount to its liquidation preference amount, compared to the category average of 11.94%. The stock was also up approximately 0.2% on Monday, while the common shares (Symbol: CIM) declined by about 0.6%.
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