Chimera Investment (NYSE: CIM) declares Q2 2026 preferred dividends across all series
Rhea-AI Filing Summary
Chimera Investment Corporation announced second quarter 2026 cash dividends on all four series of its preferred stock. The Board declared $0.50 per share for the 8.00% Series A Cumulative Redeemable Preferred Stock.
For the fixed-to-floating series, Chimera declared $0.6095 per share on the 8.00% Series B, $0.5561 per share on the 7.75% Series C, and $0.5967 per share on the 8.00% Series D preferred stock. These dividends, reflecting annualized rates tied to three-month CME Term SOFR plus stated spreads, are payable on June 30, 2026 to shareholders of record on June 1, 2026, with an ex-dividend date of June 1, 2026.
Positive
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8-K Event Classification
Key Figures
Key Terms
Fixed-to-Floating Rate financial
Cumulative Redeemable Preferred Stock financial
three-month CME Term SOFR financial
real estate investment trust financial
spread adjustment financial
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Item 7.01 Regulation FD Disclosure.
On May 7, 2026, the registrant issued a press release announcing the declaration of its second quarter cash dividends of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock, $0.6095 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.5561 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and $0.5967 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. A copy of the press release is furnished as Exhibit 99.1 to this report.
A copy of the press release is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibits
| 99.1 | Press Release, dated May 7, 2026, issued by Chimera Investment Corporation |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CHIMERA INVESTMENT CORPORATION | ||
| (REGISTRANT) | ||
| Date: May 7, 2026 | ||
| By: | /s/ Subramaniam Viswanathan | |
| Name: | Subramaniam Viswanathan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
PRESS RELEASE
NYSE: CIM
CHIMERA INVESTMENT CORPORATION
One Rockefeller Plaza, 32nd Floor
New York, New York 10020
____________________________________________________________________________
FOR IMMEDIATE RELEASE
CHIMERA DECLARES SECOND QUARTER 2026 PREFERRED STOCK DIVIDENDS
| • | BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.50 PER SHARE OF 8.00% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK |
| • | BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.6095 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK |
| • | BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.5561 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK |
| • | BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.5967 PER SHARE OF 8.00% SERIES D FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK |
NEW YORK--(BUSINESS WIRE) – The Board of Directors of Chimera Investment Corporation (“Chimera”) announced the declaration of its second quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.
The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.6095 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.75222% equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.791%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.
The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.5561 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 8.70422%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 4.743%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.
The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.5967 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.34022%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.379%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.
About Chimera Investment Corporation
Chimera is a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in for ourselves and manage for others through our wholly-owned subsidiary Palisades Advisory Services, LLC, include residential mortgage loans, Non-Agency RMBS, Agency RMBS, RTLs, Investor Loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we primarily originate non-QM residential mortgage loans (both consumer loans and Investor Loans) as well as a smaller amount of QM residential mortgage loans. Chimera was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT, for U.S. federal income tax purposes.
Forward-Looking Statements
In this press release references to “we,” “us,” “our,” “Chimera,” or “the Company” refer to Chimera Investment Corporation and its subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including as related to the expected impact. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “goal,” “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “would,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” or similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Dodd-Frank Act and related laws and regulations relating to credit risk retention for securitizations; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions, including the ongoing conflicts involving the U.S. in the Middle East; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including the acquisition of HomeXpress; our ability to originate or acquire quality and profitable loans at an appropriate and consistent cost; our ability to sell the loans that we originate or acquire; our ability to refinance or obtain additional liquidity for borrowing; our
ability to manage, maintain and expand our relationships with our clients, the independent mortgage brokers and bankers; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; the development, proliferation and use of artificial intelligence; our ability to find and retain qualified executive officers and key personnel; our ability to comply with extensive government regulation, including, but not limited to, federal and state consumer lending regulations; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, refinancing and borrowing guidelines and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make distributions to our stockholders in the future.
Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
Readers are advised that any financial information in this press release is based on Company data available at the time of this press release and, in certain circumstances, may not have been audited by Chimera’s independent auditors.
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