Chimera Investment's Series C Preferred Stock Yield Pushes Past 10%
September 23, 2020 at 14:07 PM EDT
In trading on Wednesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM. RC) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $19.29 on the day.