Chimera Investment Raises Dividend for Second Straight Quarter

Chimera Investment Corporation (CIM) has announced a cash dividend increase to {{.Question}}.37 per share for the third quarter, marking its second consecutive quarter of growth. The dividend is payable on October 31, 2024, to stockholders on record as of September 30, 2024. The CEO expressed optimism about enhancing shareholder value in a favorable interest rate environment. Chimera, a REIT, focuses on mortgage assets to generate returns for investors.

An announcement from Chimera Investment ( (CIM) ) is now available.

Chimera Investment Corporation has announced an increase in their third-quarter cash dividend to $0.37 per share of common stock, marking the second consecutive quarter of dividend growth. The dividend will be payable on October 31, 2024, to stockholders on record as of September 30, 2024. The company’s CEO expressed optimism about continuing to enhance shareholder value amidst a more favorable interest rate environment. Chimera, a REIT, invests in a variety of mortgage assets and aims to leverage its portfolio to generate returns for investors.

For detailed information about CIM stock, go to TipRanks’ Stock Analysis page.

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