Chimera Investment Series B Preferred Shares Cross 8.5% Yield Threshold

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IIn Wednesday’s trading, Chimera Investment Corp. Series B Fixed-Floating Cumulative Redeemable Preferred Shares. shares changing hands as low as $23.03 on the day. That compares to an average return of 7.23% in the Real Estate preferred stock category, according to Preferred Stock Channel. At last close, CIM.PRB was trading at a discount of 5.72% to its preferential liquidation amount, compared to an average discount of 8.16% in the “Real Estate” category.

The graph below shows the one-year performance of CIM.PRB stock against CIM:

Below is a historical dividend chart for CIM.PRB, showing historical dividend payments on the Chimera Investment Corp 8.00% Cumulative Redeemable Preferred Share Series B Fixed to Floating Rate:

CIM.PRB+Dividend+Historical+Chart


Free report: Top 7%+ Dividends (paid monthly)

Chimera Investment Corp’s 8.00% Cumulative Fixed-to-Floating Rate Series B Redeemable Preferred Shares (ticker: CIM.PRB) are currently down about 2% on the day on Wednesday, while common stocks ( symbol: CIM) are down about 1.3%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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