Chimera Increases Third Quarter 2024 Common Stock Dividends to $0.37
Chimera Investment has announced an increase in its third quarter 2024 common stock dividend. The Board of Directors declared a cash dividend of $0.37 per common share, payable on October 31, 2024 to stockholders of record on September 30, 2024. This marks the second consecutive quarter of dividend increase for the company.
Phillip J. Kardis II, President and CEO of Chimera, expressed satisfaction with the dividend increase and stated that the company continues to seek opportunities to maximize shareholder value in what they perceive as a more favorable interest rate environment.
Chimera Investment ha annunciato un aumento del dividendo in azioni ordinarie per il terzo trimestre del 2024. Il Consiglio di Amministrazione ha dichiarato un dividendo in contanti di $0.37 per azione ordinaria, che sarà pagato il 31 ottobre 2024 agli azionisti registrati il 30 settembre 2024. Questo segna il secondo trimestre consecutivo di aumento del dividendo per l'azienda.
Phillip J. Kardis II, presidente e CEO di Chimera, ha espresso soddisfazione per l'aumento del dividendo e ha dichiarato che l'azienda continua a cercare opportunità per massimizzare il valore per gli azionisti in quello che percepiscono come un ambiente di tassi di interesse più favorevole.
Chimera Investment ha anunciado un aumento en su dividendo de acciones ordinarias para el tercer trimestre de 2024. La Junta Directiva declaró un dividendo en efectivo de $0.37 por acción ordinaria, que se pagará el 31 de octubre de 2024 a los accionistas registrados el 30 de septiembre de 2024. Este es el segundo trimestre consecutivo de aumento del dividendo para la empresa.
Phillip J. Kardis II, presidente y CEO de Chimera, expresó su satisfacción por el aumento del dividendo y declaró que la empresa sigue buscando oportunidades para maximizar el valor para los accionistas en lo que consideran un entorno de tasas de interés más favorable.
키메라 투자가 2024년 3분기 보통주 배당금을 증가한다고 발표했습니다. 이사회는 보통주당 $0.37의 현금 배당금을 선언하였으며, 이는 2024년 10월 31일에 2024년 9월 30일 기준 주주에게 지급됩니다. 이는 회사의 두 번째 연속 분기 배당금 증가를 의미합니다.
키메라의 사장이자 CEO인 필립 J. 카르디스 II는 배당금 증가에 대한 만족감을 표명하며, 회사가 주주 가치를 극대화할 기회를 계속해서 모색하고 있다고 밝혔습니다. 이는 그들이 인식하는 보다 유리한 금리 환경에서 이루어집니다.
Chimera Investment a annoncé une augmentation de son dividende sur actions ordinaires pour le troisième trimestre de 2024. Le Conseil d'Administration a déclaré un dividende en espèces de 0,37 $ par action ordinaire, payable le 31 octobre 2024 aux actionnaires inscrits le 30 septembre 2024. Cela marque le deuxième trimestre consécutif d'augmentation du dividende pour l'entreprise.
Phillip J. Kardis II, président et CEO de Chimera, a exprimé sa satisfaction concernant l'augmentation du dividende et a déclaré que l'entreprise continue de chercher des opportunités pour maximiser la valeur des actionnaires dans ce qu'ils perçoivent comme un environnement de taux d'intérêt plus favorable.
Chimera Investment hat eine Erhöhung der Dividende für das dritte Quartal 2024 angekündigt. Der Vorstand hat eine Barausschüttung von $0,37 pro Stammaktie beschlossen, die am 31. Oktober 2024 an die Aktionäre ausgeschüttet wird, die am 30. September 2024 im Aktienregister stehen. Dies markiert das zweite aufeinanderfolgende Quartal mit einer Dividendenerhöhung für das Unternehmen.
Phillip J. Kardis II, Präsident und CEO von Chimera, äußerte seine Zufriedenheit mit der Dividendenerhöhung und erklärte, dass das Unternehmen weiterhin danach strebt, den Aktionärswert zu maximieren, in dem sie ein günstigeres Zinsumfeld wahrnehmen.
- Increased dividend for the second consecutive quarter
- Dividend raised to $0.37 per common share for Q3 2024
- Management's positive outlook on interest rate environment
- None.
The increase in Chimera's quarterly dividend to
However, it's important to note that dividend sustainability depends on the company's ongoing financial performance and market conditions. The mention of a "more favorable interest rate environment" suggests potential improvements in Chimera's net interest margin, which could support future dividend growth. Investors should closely monitor Chimera's upcoming earnings reports to assess the sustainability of this increased payout.
The dividend increase, while modest, could have broader implications for the mREIT sector. It may indicate a shift in sentiment regarding interest rate expectations and the potential for improved spreads in the mortgage market. This move by Chimera could set a precedent, potentially influencing other mREITs to follow suit with dividend increases.
Investors should consider this news in the context of the broader economic environment. If interest rates stabilize or decline as suggested by the "more favorable interest rate environment" comment, it could lead to increased demand for mortgage-backed securities and potentially higher book values for mREITs. However, caution is warranted as the sector remains sensitive to interest rate fluctuations and changes in the yield curve.
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Board Declares Third Quarter 2024 Dividend of
$0.37
“We are pleased to announce an increase in our common stock dividend for the second consecutive quarter,” said Phillip J. Kardis II, President and CEO of Chimera. “We continue to seek opportunities to maximize shareholder value as we enter a more favorable interest rate environment.”
About Chimera Investment Corporation
Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing directly or indirectly through its subsidiaries, on a leveraged basis, in a diversified portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate related securities.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: our business and investment strategy; our ability to accurately forecast the payment of future dividends on our common and preferred stock, and the amount of such dividends; our ability to determine accurately the fair market value of our assets; availability of investment opportunities in real estate-related and other securities, including our valuation of potential opportunities that may arise as a result of current and future market dislocations; our expected investments; changes in the value of our investments, including negative changes resulting in margin calls related to the financing of our assets; changes in inflation, interest rates and mortgage prepayment rates; prepayments of the mortgage and other loans underlying our mortgage-backed securities, or MBS, or other asset-backed securities, or ABS; rates of default, forbearance, deferred payments, delinquencies or decreased recovery rates on our investments; general volatility of the securities markets in which we invest; our ability to maintain existing financing arrangements and our ability to obtain future financing arrangements; our ability to effect our strategy to securitize residential mortgage loans; interest rate mismatches between our investments and our borrowings used to finance such purchases; effects of interest rate caps on our adjustable-rate investments; the degree to which our hedging strategies may or may not protect us from interest rate volatility; the impact of and changes to various government programs; impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; market trends in our industry, interest rates, the debt securities markets or the general economy; estimates relating to our ability to make distributions to our stockholders in the future; our understanding of our competition; our ability to find and retain qualified personnel; our ability to maintain our classification as a real estate investment trust, or, REIT, for
Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
Readers are advised that any financial information in this press release is based on company data available at the time of this presentation and, in certain circumstances, may not have been audited by the Company’s independent auditors.
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Source: Chimera Investment Corporation
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