Chimera Investment's Series A Preferred Stock Crosses Above 10.5% Yield Territory
In trading on Thursday, shares of Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $17.94 on the day.