Chimera Investment's Preferred Stock Hits 9.5% Yield Amid Trading Decline.

Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (CIM.PRA) has crossed the 9.5% yield mark, with shares trading as low as $21.00. This compares to an average yield of 8.07% in the "Real Estate" preferred stock category. The stock is currently trading at a 15.56% discount to its liquidation preference amount, versus the average discount of 13.82% in the "Real Estate" category. The dividend payment for CIM.PRA is $2.00 per share.