Chimera Investment's Series A Preferred Stock Crosses Above 7.5% Yield Territory
August 12, 2019 at 14:24 PM EDT
In trading on Monday, shares of Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (CIM. RA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.42 on the day.
