Chimera Investment Stock To Go Ex-dividend Tomorrow (CIM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Chimera Investment Corporation (NYSE: CIM) is tomorrow, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $3.28 as of 9:31 a.m. ET, the dividend yield is 11.1%.

The average volume for Chimera Investment has been 12 million shares per day over the past 30 days. Chimera Investment has a market cap of $3.34 billion and is part of the financial sector and real estate industry. Shares are up 24.9% year to date as of the close of trading on Monday.

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 25, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Chimera Investment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chimera Investment Ratings Report.

See our dividend calendar or top-yielding stocks list.

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