Chimera Investment Preferred Stock Hits 10% Yield Mark

Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM.PRC) has crossed the 10% yield mark due to its quarterly dividend of $2.1692, with shares trading as low as $21.50. The stock is currently up 1.2% and trading at a 12.04% discount to its liquidation preference amount.