Boston, MA 06/06/2014 (wallstreetpr) – Chimera Investment Corporation (NYSE:CIM) declared dividends and other supplemental financial information on June 4, 2014.
The Board of Directors at CIM unanimously evaluated its current and future prospects and accordingly thought it righteous to declare cash dividends evaluating to $0.09 per share.
New Dividend Payout Announced
The announced dividend has created a profound surge in the share trading activities. The company has decided upon paying the dividends on July 24, 2014 for all the stakeholders registered with the company till June 26, 2014. The Board of Directors has further confirmed that the company shall pay this dividend amounting to $0.09/share during Q3 and Q4 in 2014.
Financial Estimates
The Chimera Investment Corporation (NYSE:CIM) has a GAAP book-value of $3.27/share. Its economic book-value was $3.01/share towards the end of Q1. The overall Q1 economic estimates witnessed profound growth from Q4, 2013, when the company had GAAP book-value amounting to $3.24/share and announced economic book-value amounting to $2.82/share.
The economic book-values comprise the assets owned by a company, or those that CIM expects to pledge, monetize or dispose of. The consolidated-GAAP assets are specifically excluded while estimating economic values on a per-share basis.
Recent Activities
Till the end of Q1-2014, Chimera Investment Corporation (NYSE:CIM) had successfully sold off its holistic interests in CSMC 2010-12R at an approximate value of 580 million. The sales proceeds obtained from this sell-out were duly reinvested in various non-agency RMBS securities. The remaining of the proceeds was invested in other Agency RMBS Securities.
After Q1, the company increased its net Agency portfolio by almost $4 billion, financed entirely by myriad repurchase agreements. In the subsequent months, the company expects to add to its Non-agency and Agency portfolio, and leverage its holistic interest income.
Chimera Investment Corporation (NYSE:CIM) is continually working with sheer diligence, completing the ongoing work, carrying out its fillings, abiding by the securities laws. The company shall file its Q1 form- 10Q at around the middle of July 2014, and that of its Q2 during mid-August 2014.
The leveraged operations and increased dividend payout have resulted in its share prices to soar up to its All-Time-High!
