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CIM Stock News Image - businesswire.com

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024. Disclaimer This press release includes “forward-looking statements” within the meaning of the safe.

businesswire.com 2024 Jun 13
CIM Stock News Image - businesswire.com

LOS ANGELES--(BUSINESS WIRE)--CIM Group closes $125 million loan to Applied Digital for construction of HPC data center campus in Ellendale, North Dakota.

businesswire.com 2024 Jun 10
CIM Stock News Image - businesswire.com

PHOENIX--(BUSINESS WIRE)--CIM Group sells two, fully leased industrial buildings totaling 726,802 sf adjacent to the Phoenix Goodyear Airport in Arizona.

businesswire.com 2024 Jun 06
CIM Stock News Image - zacks.com

Chimera (CIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

zacks.com 2024 May 27
CIM Stock News Image - seekingalpha.com

Mortgage REITs are becoming more attractive as the central bank plans to lower interest rates and reduce financing costs. Chimera Investment Corporation is selling at a significant discount to book value and offers an 11% stock yield. The company's dividend was covered by earnings in the first quarter and could see potential re-rating once rate cuts are implemented.

seekingalpha.com 2024 May 27
CIM Stock News Image - invezz.com

Chimera Investment Corporation (NYSE:CIM) has underperformed most mortgage REITs over the past year, with its stock reaching an all-time low below $11.50 as of May 24, 2024. This decline reflects a challenging environment for mortgage REITs, driven by rising interest rates and economic uncertainties.

invezz.com 2024 May 24
CIM Stock News Image - seekingalpha.com

Chimera Investment stock is at a 5-year low, but the discount to book value is too wide, making it a cheap investment opportunity. The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance. Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business.

seekingalpha.com 2024 May 24
CIM Stock News Image - businesswire.com

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on May 22, 2024, subject to the satisfaction of customa.

businesswire.com 2024 May 15
CIM Stock News Image - Zacks Investment Research

Chimera Investment (CIM) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.13 per share a year ago.

Zacks Investment Research 2024 May 09
CIM Stock News Image - Business Wire

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ending March 31,2024 on Thursday, May 9, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 9, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast   https://www.chimerareit.com/news-events/ir-cal.

Business Wire 2024 Apr 24
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