Nucor earnings beat by $0.08, revenue fell short of estimates
NEW YORK - Chimera Investment Corporation (NYSE:CIM) announced Tuesday that its Board of Directors has declared a second quarter cash dividend of $0.37 per common share.
The dividend will be payable on July 31, 2025, to common stockholders of record on June 30, 2025, with the ex-dividend date also set for June 30, 2025.
Chimera Investment Corporation operates as a real estate investment trust (REIT) that invests in a diversified portfolio of real estate assets. These include residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose loans, and other real estate-related assets such as Agency CMBS.
The company manages investments both for itself and for unrelated third parties through its investment management and advisory services.
This quarterly dividend announcement maintains the company’s consistent dividend policy. The information was disclosed in a press release statement from the company.
In other recent news, Chimera Investment Corporation reported its Q1 2025 earnings, revealing an EPS of $0.41, which fell short of the anticipated $0.44. However, the company’s revenue significantly surpassed expectations, reaching $206.5 million compared to the forecasted $75.97 million. This robust revenue performance was partly attributed to Chimera’s strategic acquisitions and expanded asset management capabilities. Additionally, the company acquired Palisades Advisory Services, enhancing its service offerings. UBS analyst Doug Harter upgraded Chimera’s stock rating from Neutral to Buy, raising the price target to $15.00, citing improved book value performance and earnings forecasts as key factors. Harter also highlighted Chimera’s potential for a dividend increase, which could boost its price-to-book multiple. The company’s economic return on book value was reported at 9.2%, and its GAAP net income stood at $145.9 million, or $1.77 per share. Looking forward, Chimera plans to further diversify its portfolio and focus on growing recurring fee income.
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