Chimera Investment (CIM) Raises Quarterly Dividend 6.7% to $0.096; 12.1% Yield

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Go back to Chimera Investment (CIM) Raises Quarterly Dividend 6.7% to $0.096; 12.1% Yield

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

March 17, 2015 4:17 PM EDT

Chimera Investment (NYSE: CIM) 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 common stock of Chimera will be converted into one share of common stock of Chimera. In... More