Chimera Investment sets quarterly dividend at $0.37 per share

NEW YORK - Chimera Investment Corporation (NYSE:CIM) has declared a cash dividend of $0.37 per share for the first quarter of 2025, as announced by its Board of Directors. Shareholders on record as of March 31, 2025, will be eligible for the dividend, which is scheduled for payment on April 30, 2025. The ex-dividend date, when shares will trade without the right to the dividend, is also set for March 31, 2025. With a current dividend yield of 10.8% and an impressive 18-year track record of consecutive dividend payments, according to InvestingPro data, Chimera continues to deliver significant value to shareholders.

Chimera Investment Corporation is a real estate investment trust (REIT) known for its diverse portfolio, which includes residential mortgage loans, both Non-Agency and Agency RMBS (residential mortgage-backed securities), business purpose loans, investor loans such as rental loans (RTLs), and Agency CMBS (commercial mortgage-backed securities). The company also provides investment management and advisory services. With a market capitalization of $1.1 billion and a healthy current ratio of 2.6x, InvestingPro analysis suggests the stock is currently undervalued based on its Fair Value assessment. The company maintains strong profitability with a gross margin of 89.3% and has demonstrated solid revenue growth of 23% over the last twelve months.

The forward-looking statements included in the company’s press release, as defined under the United States Private Securities Litigation Reform Act of 1995, indicate that actual results may vary from projections. Chimera cautions that these statements are subject to risks and uncertainties that could cause actual outcomes to differ materially from those anticipated. For deeper insights into Chimera’s financial health and future prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, which provide expert analysis on over 1,400 US stocks.

Factors that might influence the company’s performance include its ability to secure favorable funding and access capital markets, manage liquidity and leverage, and navigate interest rate changes and mortgage prepayment rates. Additionally, the company’s investment and business strategies, asset valuation accuracy, and integration of acquisitions, such as the Palisades Acquisition, could impact results. Regulatory compliance, information technology security, REIT status maintenance, and market volatility are also among the considerations that could affect future distributions to shareholders.

This dividend announcement is based on a press release statement from Chimera Investment Corporation. Investors are reminded that the information provided has not been independently verified and may not have been audited by the company’s independent auditors.

In other recent news, Chimera Investment Corporation reported its fourth-quarter 2024 earnings, which included a slight beat on earnings per share and a significant revenue outperformance. The company reported a revenue of $287.72 million, far exceeding the forecast of $75.13 million, and earnings per share came in at $0.37, slightly above the expected $0.36. Despite this strong performance, Chimera posted a GAAP net loss of $168.3 million for the quarter, which may have contributed to investor concerns. The company also increased its quarterly dividend by 12%, reflecting a positive outlook from its management. Additionally, Chimera completed the acquisition of the Palisades Group, an alternative asset manager, to diversify its income streams and grow its fee-based revenue. The company plans to expand its agency RMBS portfolio and explore opportunities in mortgage servicing rights acquisitions. Analysts from firms such as KBW and UBS have expressed interest in Chimera’s strategic moves, particularly regarding its approach to managing book value volatility and potential GSE reform implications.

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