Chimera Investment Corp: A Top 10 REIT with 11.84% Yield and Low Valuation

Chimera Investment Corp (CIM) has been named a top 10 REIT by Dividend Channel. It has a 11.84% yield and sells for less than book value. The company has a price-to-book ratio of 0.4 and a recent share price of $12.50. CIM has a strong quarterly dividend history and favorable long-term growth rates. REITs must distribute at least 90% of their taxable income each year to shareholders as dividends, which introduces volatility and uncertainty into payments.