Chimera Investment's Series A Preferred Stock Crosses Above 10% Yield Territory

Chimera Investment Corp's 8.00% Series A cumulative redeemable preferred (CIM.PRA) was yielding above 10% on Friday based on a $0.50 quarterly dividend (annualized $2.00) as shares traded as low as $19.90. The implied yield exceeding the 8.00% coupon reflects price weakness and wider implied spreads or intraday liquidity pressure; monitor preferred-market demand and Chimera's credit/fundamentals for further moves.

Analysis

Chimera Investment Corp's 8.00% Series A cumulative redeemable preferred (CIM.PRA) was yielding above 10% on Friday based on a $0.50 quarterly dividend (annualized $2.00) as shares traded as low as $19.90. The implied yield exceeding the 8.00% coupon reflects price weakness and wider implied spreads or intraday liquidity pressure; monitor preferred-market demand and Chimera's credit/fundamentals for further moves.