Chimera Investment Corp. - CIM STOCK NEWS

Chimera Investment Corporation (NYSE: CIM) announced its financial results release date for the first quarter ended March 31, 2023, scheduled for May 4, 2023, prior to 7:00 a.m. EDT. An audio conference call will follow at 8:30 a.m. EDT the same day to discuss these results. Investors can participate using the U.S. toll-free number (866) 682-6100 or the international line (862) 298-0702. A replay of the call will be available for two weeks post-event, accessible via (877) 660-6853 in the U.S. and (201) 612-7415 internationally, using the conference ID 13737565. The company specializes in investing in a diversified portfolio of real estate assets, including mortgage loans and various types of mortgage-backed securities.

Chimera Investment Corporation has declared its first quarter 2023 dividends for various series of preferred stock. Shareholders will receive $0.50 per share for Series A, Series B, and Series D Cumulative Redeemable Preferred Stock, and $0.484375 for Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. All dividends are payable on March 30, 2023, to shareholders of record as of March 1, 2023, with an ex-dividend date of February 28, 2023. These dividends reflect the company's robust commitment to providing returns to its shareholders.

Chimera Investment Corporation (NYSE:CIM) reported financial results for Q4 and full year 2022. Notable metrics include Q4 GAAP net income of $0.34 per diluted share, contrasting with a full year GAAP net loss of $587 million ($2.51 per diluted share). For the year, earnings available for distribution totaled $256 million ($1.08 per share). The company's GAAP book value stands at $7.49 per share, with a 3.8% book value return in Q4. Significant actions in Q4 included settling $463 million of fixed-rate loans and committing to purchase $900 million in residential mortgage loans to enhance future earnings. As of January 31, 2023, cash totaled approximately $365 million.

Chimera Investment Corporation (NYSE: CIM) has declared a first quarter 2023 cash dividend of $0.23 per share, payable on April 27, 2023. The preliminary financial results for the fourth quarter 2022 indicate a GAAP net income estimated between $0.32 and $0.35 per diluted common share. Book value per share is estimated at $7.45 to $7.50, after accounting for dividends. The Company anticipates a 5-7% increase in book value by January 31, 2023, and is committed to purchasing approximately $700 million of residential mortgage loans, which could enhance future earnings.

Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for the fourth quarter and full year ending December 31, 2022 on February 15, 2023, prior to 7:00 a.m. EDT. A conference call and audio webcast will follow at 8:30 a.m. EDT on the same day. Investors can join using the U.S. toll-free number (866) 604-1613 or the international number (201) 689-7810. A replay will be available for two weeks after the call. The company, a publicly traded REIT, focuses on investing in a diversified portfolio of real estate assets.

Chimera Investment Corporation (NYSE:CIM) has announced significant leadership changes aimed at enhancing performance amid evolving market conditions. Phillip J. Kardis II has been appointed as the new Chief Executive Officer and Director, succeeding Mohit Marria, who has stepped down. Choudhary A. Yarlagadda and Dan Thakkar have been appointed as Co-Chief Investment Officers. The board believes this new structure will strengthen the company and improve results for its shareholders, leveraging the team's extensive experience in the industry.