Chimera Investment's Series Preferred Stock Shares Cross 9% Yield Mark

In trading on Tuesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM. RC) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $21.12 on the day.
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