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Market Impact: 0.1
Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Crosses Above 10% Yield Territory
Source: Nasdaq
Interest Rates & YieldsCapital Returns (Dividends / Buybacks)
Chimera Investment Corp.'s 7.75% Series C fixed-to-floating cumulative preferred shares (CIM.PRC) traded at a level implying a yield above 10%, based on an annualized quarterly dividend of $2.2312. The excerpt does not provide the specific low trading price or a catalyst for the elevated yield.
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