Last $3.26 USD
Change Today +0.015 / 0.46%
Volume 1.9M
CIM On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:26 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

chimera investment corp (CIM) Snapshot

Open
$3.24
Previous Close
$3.24
Day High
$3.27
Day Low
$3.24
52 Week High
06/20/14 - $3.34
52 Week Low
08/28/13 - $2.71
Market Cap
3.3B
Average Volume 10 Days
4.7M
EPS TTM
$0.34
Shares Outstanding
1.0B
EX-Date
06/26/14
P/E TM
9.6x
Dividend
$0.36
Dividend Yield
17.20%
Current Stock Chart for CHIMERA INVESTMENT CORP (CIM)

chimera investment corp (CIM) Related Businessweek News

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chimera investment corp (CIM) Details

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes include non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; insured loans; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties. The company’s other asset-backed (ABS) securities include commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, and consumer and non-consumer ABS, as well as hedging instruments. The company has elected to be taxed as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Investment Corporation was founded in 2007 and is based in New York, New York.

Founded in 2007

chimera investment corp (CIM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Head of Underwriting
Total Annual Compensation: --
Chief Investment Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

chimera investment corp (CIM) Key Developments

Chimera Investment Corporation Declares Common Stock Dividend for the Quarter Ended June 30, 2014; Provides Dividend Guidance for the Third and Fourth Quarters of 2014

Chimera Investment Corporation declared common stock dividend of $0.09 per share for the quarter ended June 30, 2014. The annualized dividend yield on the company's common stock for the quarter ended June 30, 2014, based on the June 30, 2014 closing price of $3.19, was 11.3%. The Board of Directors also announced that the company will continue to pay a dividend of $0.09 per share for each of the third and fourth quarters of 2014.

Chimera Investment Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Total Other-Than-Temporary Impairment Losses for the Second Quarter Ended June 30, 2014

Chimera Investment Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $49,056,000 compared to $33,629,000 a year ago. Net interest income was $113,638,000 compared to $100,954,000 a year ago. Net investment income was $115,300,000 compared to $149,884,000 a year ago. Income before income taxes was $104,769,000 compared to $143,207,000 a year ago. Net income was $104,769,000 or $0.10 per diluted share compared to $143,207,000 or $0.14 per diluted share a year ago. Return on equity was 12.38%. For the six months, the company reported interest income of $84,512,000 compared to $62,696,000 a year ago. Net interest income was $211,880,000 compared to $197,920,000 a year ago. Net investment income was $225,265,000 compared to $239,552,000 a year ago. Income before income taxes was $205,139,000 compared to $223,010,000 a year ago. Net income was $205,137,000 or $0.20 per diluted share compared to $223,008,000 or $0.22 per diluted share a year ago. GAAP book value was $3.35 per share, an increase of 2% from March 31, 2014 and an increase of 3% from December 31, 2013. Economic book value was $3.09 per share, an increase of 2% from March 31, 2014 and an increase of 10% from December 31, 2013. Book value increases reflect the favorable market fundamentals for both Agency and Non-Agency RMBS during the second quarter of 2014.

Chimera Investment Corporation, Q2 2014 Earnings Call, Aug 12, 2014

Chimera Investment Corporation, Q2 2014 Earnings Call, Aug 12, 2014

 

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