The Board of Directors of Chimera today announced the declaration of its second quarter 2015 cash dividend of $0.48 per common share. This dividend is payable July 30, 2015, to common stockholders of record on June 30, 2015. The ex-dividend date is June 26, 2015.
The Board of Directors also announced that it expects to maintain a minimum quarterly dividend of $0.48 for the third and fourth quarters of 2015.“Chimera remains well-positioned. We're producing high dividends while operating at a low recourse leverage ratio. Low leverage helps us maintain flexibility and take advantage of opportunities as they arise in the market. Improving fundamentals in mortgage credit will continue to allow Chimera to pay a durable high dividend in the quarters ahead.” said Chimera’s Chief Executive Officer Matthew Lambiase during last month’s earnings call. The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as differences in premium amortization, accretion of discounts, unrealized and realized gains and losses, and credit loss recognition. Portions of the dividend may be ordinary income, capital gains or a return of capital. -
No comments:
Post a Comment