This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chimera Investment Corporation Announces 2nd Quarter 2013 Dividend Of $0.09 Per Share; Dividend Distribution Tax Information; March 31, 2013 Estimated GAAP Book Value Of $3.55 Per Share

The Board of Directors of Chimera Investment Corporation (NYSE: CIM) declared the second quarter 2013 common stock cash dividend of $0.09 per common share. This dividend is payable July 31, 2013, to common shareholders of record on July 1, 2013. The ex-dividend date is June 27, 2013.

As previously announced, the Company initiated a regular quarterly dividend of $0.09 per common share for each of the quarters in 2013, portions of which may be ordinary income, capital gains or a return of capital. The Board of Directors will review this program after the conclusion of the fourth quarter of 2013. For the first quarter of 2013, the Company paid cash dividends totaling $0.09 per common share, of which the Company estimates $0.05 per share is taxable income for federal tax purposes. Taxable income and the ultimate composition of the dividend between income and return of capital are calculated on a cumulative basis and will change over the course of the year. The character and composition of the dividend will not be finalized until the Company files its 2013 tax return in 2014.

The Company also announced today that it has estimated that as of March 31, 2013, its GAAP book value was $3.55 per share and its economic book value was $3.08 per share, compared to its estimated December 31, 2012, GAAP book value of $3.42 per share and economic book value of $3.04 per share.

Estimated economic book value considers the fair values of only the assets the Company owns or is able to dispose of, pledge, or otherwise monetize, and specifically excludes assets consolidated for GAAP but which the Company cannot dispose of, pledge or otherwise monetize. The Company's estimate of economic book value has important limitations. Should the Company sell the assets in its portfolio, it may realize materially different proceeds from the sale than estimated as of the reporting date.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.48 +6.19 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs