On 9/16/21, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/30/21. As a percentage of CIM.PRA's recent share price of $25.75, this dividend works out to approximately 1.94%, so look for shares of CIM.PRA to trade 1.94% lower — all else being equal — when CIM.PRA shares open for trading on 9/16/21. On an annualized basis, the current yield is approximately 7.76%, which compares to an average yield of 6.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRA shares, versus CIM:
Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock:
Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently trading flat on the day, while the common shares (Symbol: CIM) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
