Chimera Invt Corp Stock Price, News & Analysis

Chimera Investment Corporation has declared its first quarter 2023 dividends for various series of preferred stock. Shareholders will receive $0.50 per share for Series A, Series B, and Series D Cumulative Redeemable Preferred Stock, and $0.484375 for Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. All dividends are payable on March 30, 2023, to shareholders of record as of March 1, 2023, with an ex-dividend date of February 28, 2023. These dividends reflect the company's robust commitment to providing returns to its shareholders.

Chimera Investment Corporation (NYSE:CIM) reported financial results for Q4 and full year 2022. Notable metrics include Q4 GAAP net income of $0.34 per diluted share, contrasting with a full year GAAP net loss of $587 million ($2.51 per diluted share). For the year, earnings available for distribution totaled $256 million ($1.08 per share). The company's GAAP book value stands at $7.49 per share, with a 3.8% book value return in Q4. Significant actions in Q4 included settling $463 million of fixed-rate loans and committing to purchase $900 million in residential mortgage loans to enhance future earnings. As of January 31, 2023, cash totaled approximately $365 million.

Chimera Investment Corporation (NYSE: CIM) has declared a first quarter 2023 cash dividend of $0.23 per share, payable on April 27, 2023. The preliminary financial results for the fourth quarter 2022 indicate a GAAP net income estimated between $0.32 and $0.35 per diluted common share. Book value per share is estimated at $7.45 to $7.50, after accounting for dividends. The Company anticipates a 5-7% increase in book value by January 31, 2023, and is committed to purchasing approximately $700 million of residential mortgage loans, which could enhance future earnings.

Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for the fourth quarter and full year ending December 31, 2022 on February 15, 2023, prior to 7:00 a.m. EDT. A conference call and audio webcast will follow at 8:30 a.m. EDT on the same day. Investors can join using the U.S. toll-free number (866) 604-1613 or the international number (201) 689-7810. A replay will be available for two weeks after the call. The company, a publicly traded REIT, focuses on investing in a diversified portfolio of real estate assets.

Chimera Investment Corporation (NYSE:CIM) has announced significant leadership changes aimed at enhancing performance amid evolving market conditions. Phillip J. Kardis II has been appointed as the new Chief Executive Officer and Director, succeeding Mohit Marria, who has stepped down. Choudhary A. Yarlagadda and Dan Thakkar have been appointed as Co-Chief Investment Officers. The board believes this new structure will strengthen the company and improve results for its shareholders, leveraging the team's extensive experience in the industry.

Chimera Investment Corporation declared a $0.23 cash dividend per share of common stock for the fourth quarter of 2022. The dividend will be paid on January 31, 2023 to shareholders of record as of December 30, 2022. The ex-dividend date is set for December 29, 2022. This dividend reflects the company's commitment to returning value to its shareholders amidst ongoing market challenges.

Chimera Investment Corporation's Board has declared its fourth quarter 2022 cash dividends for various series of preferred stock. Key details include:

• Series A: $0.50 per share, payable December 30, 2022.
• Series B: $0.50 per share, payable December 30, 2022.
• Series C: $0.484375 per share, payable December 30, 2022.
• Series D: $0.50 per share, payable December 30, 2022.

All dividends are for shareholders of record as of December 16, 2022, with an ex-dividend date of December 15, 2022.

Chimera Investment Corporation (CIM) reported a GAAP net loss of $0.88 per diluted common share for Q3 2022. Earnings available for distribution stood at $0.27 per diluted common share. As of September 30, 2022, the GAAP book value per common share was $7.44. The company extended a $489 million non-mark-to-market facility by 29 months and committed to purchasing $687 million in residential loans. Following the quarter, they increased their cash position to approximately $350 million. Elevated market volatility has posed challenges but also created opportunities.

Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for Q3 2022 on November 3, 2022, before 7:00 a.m. EDT. A conference call is scheduled for the same day at 8:30 a.m. EDT to discuss the results. Investors can participate via a toll-free number or stream the call online. Replay options will be available for two weeks. The company is involved in investing in a diversified portfolio of real estate assets, including mortgage loans and securities.