Dividend decrease #8 of 2023 : Chimera Investment Corp

Chimera Investment Corporation (NYSE: CIM) (the "Company" or "Chimera") announced today that its Board of Directors declared the second quarter common stock dividend. The Company also announced an increase in the amount authorized under its common stock repurchase program.

2nd Quarter Common Stock Dividend Announcement

The Board of Directors of the Company announced the declaration of a second quarter 2023 cash dividend of $0.18 per share of common stock. This dividend is payable July 31, 2023 to common stockholders of record on June 30, 2023. The ex- dividend date is June 29, 2023.

"Today’s dividend cut brings our dividend more in line with our expected earnings performance over the medium term," said Mr. Kardis, CEO of Chimera. "We believe the stock price does not reflect the strength of our portfolio. Accordingly, our Board has approved an increase in our stock buyback plan from $177 million to $250 million."