Chimera Investment Corporation Declares Third Quarter Cash Dividends on Preferred Stock

Strategic Insights -

Chimera Investment Corporation has made significant announcements regarding the declaration of cash dividends on its various preferred stock series. The dividends are set to provide returns to preferred shareholders, reflecting the company's financial performance and commitment to shareholder value. The third quarter dividend declarations demonstrate Chimera's efforts to distribute value to its investors.

Key Takeaways:

  • Chimera Investment Corporation declared a third quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock.
  • The dividend is payable September 30, 2025, to preferred shareholders of record on September 2, 2025, with an ex-dividend date of September 2, 2025.
  • The Board of Directors also declared a third quarter cash dividend of $0.6464 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, reflecting a rate of 10.34319%, equal to three-month CME Term SOFR plus a spread adjustment of 0.26161%.
  • The dividend for Series B Preferred Stock is payable September 30, 2025, to preferred shareholders of record on September 2, 2025, with an ex-dividend date of September 2, 2025.
  • Chimera also declared a third quarter cash dividend of $0.484375 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
  • The dividend for Series C Preferred Stock is payable September 30, 2025, to preferred shareholders of record on September 2, 2025, with an ex-dividend date of September 2, 2025.
  • Additionally, Chimera declared a third quarter cash dividend of $0.6345 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, reflecting a rate of 9.93119%, equal to three-month CME Term SOFR plus a spread adjustment of 0.26161%.
  • The dividend for Series D Preferred Stock is payable September 30, 2025, to preferred shareholders of record on September 2, 2025, with an ex-dividend date of September 2, 2025.

Statistics:

  • Third quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock.
  • Dividend payout for Series B Preferred Stock: 10.34319% (equal to three-month CME Term SOFR plus a spread adjustment of 0.26161%).
  • Dividend payout for Series C Preferred Stock: $0.484375 per share.
  • Dividend payout for Series D Preferred Stock: 9.93119% (equal to three-month CME Term SOFR plus a spread adjustment of 0.26161%).

Sources:

  • "Chimera Investment Corporation Issues News Release: Declaration of Third Quarter Cash Dividends on Preferred Stock"