Chimera Investment (CIM) Approves One-for-Five Reverse Split; Boosts Dividend

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Go back to Chimera Investment (CIM) Approves One-for-Five Reverse Split; Boosts Dividend

Chimera Investment Corporation Announces Reverse Stock Split; Declares First Quarter 2015 Common Stock Dividend and Sets Common Stock Dividend for Remainder of 2015

March 17, 2015 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- Chimera Investment Corporation (NYSE: CIM) today announced that the Board of Directors has approved a reverse stock split of Chimeras outstanding shares of common stock at a ratio of 1-for-5, increased the first quarter dividend and set the quarterly dividend for the remainder of 2015.

Reverse Stock Split

The reverse stock split is expected to take effect at about 5:00 p.m. Eastern Time on April 6, 2015 (the Effective Time). At the Effective Time, every five issued and outstanding shares of... More