Chimera Investment's Series B Preferred Stock Crosses Above 10.5% Yield Territory

In trading on Monday, shares of Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.5096), with shares changing hands as low as $23.78 on the day. This compares to an average yield of 7.92% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CIM.PRB was trading at a 2.48% discount to its liquidation preference amount, versus the average discount of 13.18% in the "Real Estate" category. The chart below shows the one year performance of CIM.PRB shares, versus CIM: Below is a dividend history chart for CIM.