Understanding Chimera Investment's Ex-Dividend Date

On May 5, 2021, Chimera Investment CIM declared a dividend payable on July 30, 2021 to its shareholders. Chimera Investment also announced that shareholders on the company's books on or before June 30, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Chimera Investment, which has a current dividend per share of $0.33, has an ex-dividend date scheduled for June 29, 2021. That equates to a dividend yield of 10.21% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Chimera Investment's Dividend Payouts And Yields

Over the past year, Chimera Investment has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on June 19, 2020 the company's payout was $0.3, which has since grown by $0.03. Chimera Investment's dividend yield last year was 10.78%, which has since decreased by 0.57%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Chimera Investment's previous dividends.