Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Crosses Above 10% Yield Territory

In trading on Tuesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRC) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.2312), with shares changing hands as low as $22.25 on the day. This compares to an average yield of 8.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CIM.PRC was trading at a 10.32% discount to its liquidation preference amount, versus the average discount of 16.39% in the "Real Estate" category. Below is a dividend history chart for CIM.PRC, showing historical dividend payments on Chimera Investment Corp's 7.