Welcome to our dedicated page for Chimera Invt news (Ticker: CIM), a resource for investors and traders seeking the latest updates and insights on Chimera Invt stock.
Chimera Investment Corporation (NYSE: CIM) is a mortgage-focused real estate investment trust whose news flow centers on mortgage credit, capital markets activity, and corporate developments. The company regularly issues press releases and related Form 8-K filings covering its financial results, dividends, securities offerings, and acquisitions.
Investors following CIM news will see quarterly earnings announcements that detail GAAP net income, earnings available for distribution, book value metrics, and the performance of its diversified portfolio of mortgage assets. These earnings releases are often accompanied by conference call and webcast details, as well as investor presentations posted on the company’s website and referenced in SEC filings.
Chimera also frequently reports on its dividend declarations for both common and preferred stock. Recent news includes board-approved quarterly cash dividends on common shares and multiple series of cumulative redeemable preferred stock, with corresponding Form 8-K filings describing the amounts, record dates, and payment dates.
Another key category of CIM news involves capital raising and balance sheet activity, such as the pricing and closing of public offerings of senior notes. These announcements outline coupon rates, maturities, listing symbols for the notes, and intended uses of proceeds, including financing the acquisition of residential mortgage loans, RMBS, CMBS, MSRs, and other targeted assets.
Corporate transaction updates, including the acquisition of HomeXpress Mortgage Corp. and related inducement equity awards under NYSE Rule 303A.08, are also prominent in Chimera’s news. For investors tracking mortgage REITs, CIM news provides ongoing insight into the company’s portfolio strategy, funding actions, and expansion of its mortgage lending and investment management platforms.
Bookmark this page to review a consolidated stream of Chimera Investment Corporation press releases, earnings updates, dividend announcements, capital markets transactions, and other material events as disclosed in company communications and SEC reports.
The Board of Directors of Chimera Investment Corporation has declared a fourth quarter cash dividend of $0.30 per common share, payable on January 29, 2021, to common stockholders of record by December 30, 2020. Additionally, several preferred stock dividends were announced, including $0.50 for Series A, Series B, and Series D, all payable on December 30, 2020, with a record date of December 15, 2020. Series C will pay $0.484375 on the same date. The ex-dividend date for common stock is December 29, 2020.
Chimera Investment Corporation (NYSE:CIM) has announced the retirement of Matthew J. Lambiase as President and CEO, effective December 31, 2020. He will remain on the Board of Directors. Mohit Marria will succeed Lambiase as CEO starting January 1, 2021, and will also continue as Chief Investment Officer. Choudhary Yarlagadda has been appointed as President while retaining his role as Chief Operating Officer. The Board expresses confidence in the leadership transition, aiming to enhance shareholder value.
Chimera Investment Corporation (CIM) reported strong financial results for Q3 2020, achieving a GAAP net income of $349 million, or $1.32 per share, and core earnings of $80 million, translating to $0.33 per share. The firm focused on strengthening its balance sheet, which supported its performance and allowed for three securitizations and the acquisition of $640 million in loans. Their total assets decreased to $18.09 billion from $27.12 billion year-over-year, while total liabilities were $14.40 billion against $23.17 billion in 2019.
Chimera Investment Corporation (NYSE: CIM) is set to release its financial results for the third quarter ending September 30, 2020, on November 4, 2020, before 7:00 a.m. EST. A conference call and audio webcast will follow the release at 9:00 a.m. EST on the same day, allowing investors to discuss the results. Interested participants can join via the provided call-in numbers or access the webcast online. A replay of the call will be available for one week post-event.