Chimera Investment Boosts Dividends 2nd Quarter in a Row

By Tamara Parker • Friday, September 20 07:56 • Permanent Link

Chimera Investment Corporation has announced an increase in its third quarter 2024 common stock dividends to $0.37 per share, marking the second consecutive quarter of dividend growth. This upturn reflects the company's ongoing efforts to enhance shareholder value in a more favorable interest rate environment.

In the third quarter of 2024, Chimera declared a cash dividend of $0.37 per common share, payable on October 31, 2024, to common stockholders of record as of September 30, 2024. The ex-dividend date is also September 30, 2024.

Phillip J. Kardis II, the President and CEO of Chimera, expressed the company's satisfaction with the increase in common stock dividends, highlighting their commitment to maximizing shareholder value.

Chimera Investment Corporation is a publicly traded real estate investment trust (REIT) primarily involved in investing in a diversified portfolio of mortgage assets, including residential mortgage loans, agency RMBS, non-agency RMBS, agency CMBS, and other real estate-related securities.

This announcement comes as a reflection of Chimera's strategic focus on delivering value to its investors, amidst the evolving interest rate landscape. The market has reacted to these announcements by moving the company's shares 1.0% to a price of $16.37. For more information, read the company's full 8-K submission here.

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