In trading on Wednesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $24.04 on the day. This compares to an average yield of 8.59% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, CIM.PRC was trading at a 3.00% discount to its liquidation preference amount, versus the average discount of 27.33% in the "REITs" category.
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Below is a dividend history chart for CIM.PRC, showing historical dividend payments on Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
In Wednesday trading, Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRC) is currently off about 0.8% on the day, while the common shares (Symbol: CIM) are off about 2.2%.
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