Chimera Invt Corp Stock Price, News & Analysis

Chimera Investment Corporation (NYSE:CIM) announced the appointment of Sandra Bell as a Class II Director on its Board. Bell, who has served as CFO of Tiptree Inc. since July 2015, brings extensive experience from previous roles at Prospect Mortgage and PHH Corporation. She will also participate in the Audit and Risk Committees. Her election is set for the 2022 shareholder meeting, where she will complete the remaining two years of the Class II Director term. Chairman Gerry Creagh expressed confidence in Bell's expertise enhancing the Company.

The Board of Directors of Chimera Investment Corporation has declared the fourth quarter 2021 dividends for its investors. The common stock dividend is $0.33 per share, payable on January 27, 2022, to shareholders recorded on December 30, 2021. Preferred stock dividends include $0.50 for Series A, B, and D, and $0.484375 for Series C, all payable on December 30, 2021. Key ex-dividend dates are December 29, 2021 for common shares and December 16, 2021 for preferred shares.

Chimera Investment Corporation (CIM) reported a GAAP net income of $313 million or $1.30 per diluted share for Q3 2021, with earnings available for distribution of $102 million, translating to $0.42 per share. The total economic return stood at 10.5%, driven by a disciplined investment strategy, evidenced by nearly $850 million in new loans added to the portfolio during the quarter. The book value per share increased to $12.32. The company's strategy focuses on investing in a diverse portfolio of mortgage assets, utilizing a leveraged approach.

Chimera Investment Corporation (NYSE: CIM) plans to release its third quarter financial results for the period ended September 30, 2021 on November 3, 2021, prior to 7:00 a.m. EDT. A conference call will follow at 8:30 a.m. EDT to discuss the results. Interested parties can participate via toll-free numbers or through an audio webcast available on the company’s website. A replay of the call will be accessible for one week post-event.

The Board of Directors of Chimera Investment Corporation has declared a third-quarter cash dividend of $0.33 per common share, payable on October 28, 2021. Shareholders on record as of September 30, 2021 will benefit from this dividend, with the ex-dividend date set for September 29, 2021. This announcement underscores Chinera's commitment to returning value to its shareholders amidst ongoing market fluctuations.

Chimera Investment Corporation (NYSE:CIM) announced the sponsorship of two securitizations totaling $885 million since the end of Q2. The CIM 2021-R5 on September 7, 2021 is a $450.4 million securitization of seasoned mortgage loans, with $382.8 million sold to institutional investors, retaining $67.6 million in subordinate interests. Additionally, a $434.7 million securitization named CIM 2021-INV1 was completed in August. Both securities have clean-up call options and favorable debt costs.

The Board of Directors of Chimera announced the declaration of its third quarter cash dividends for 2021. The dividends are as follows: $0.50 per share for Series A, Series B, and Series D, and $0.484375 per share for Series C. All dividends are payable on September 30, 2021, with record dates of September 17, 2021, and an ex-dividend date of September 16, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders through consistent dividend payments.

Chimera Investment Corporation (NYSE:CIM) reported a GAAP net income of $145 million ($0.60 per share) for Q2 2021, alongside core earnings of $130 million ($0.54 per share). The company successfully refinanced 12 securitizations worth over $5.6 billion, reducing its cost of debt by approximately 245 basis points. Total assets as of June 30, 2021, were $15.86 billion, down from $17.52 billion at the end of 2020. Liabilities decreased to $12.23 billion from $13.74 billion.

Chimera Investment Corporation (NYSE:CIM) announced the appointment of Subramaniam Viswanathan as Chief Financial Officer effective July 31, 2021. Previously, Viswanathan held significant roles at Bank of America Merrill Lynch and Citigroup, specializing in mortgages and securitization. The company's CEO, Mohit Marria, expressed confidence that Viswanathan's extensive experience will greatly benefit the organization. Chimera Investment Corporation focuses on investing in a diversified portfolio of real estate assets, including mortgage loans and various types of securities.