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Business Wire
4 days ago
- Business
- Business Wire
Chimera Declares Third Quarter 2025 Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.6464 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 10.34319%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.791%. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.484375 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.6345 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.93119%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.379%. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, MSRs, and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Forward-Looking Statements In this press release references to 'we,' 'us,' 'our' or 'the Company' refer to Chimera Investment Corporation and its subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'goal,' 'expect,' 'target,' 'assume,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'would,' 'will,' 'could,' 'should,' 'believe,' 'predict,' 'potential,' 'continue,' or similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption 'Risk Factors.' Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Risk Retention Rules; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including, the HomeXpress Acquisition and the Palisades Acquisition; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; our ability to find and retain qualified executive officers and key personnel; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; our ability to comply with extensive government regulation; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; our ability to make distributions to our stockholders in the future; and delays and/or unforeseen events that could cause the HomeXpress Acquisition to be delayed or not consummated. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors is contained in Chimera's most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are advised that any financial information in this press release is based on Company data available at the time of this presentation and, in certain circumstances, may not have been audited by Chimera's independent auditors.
Business Insider
15-07-2025
- Business
- Business Insider
Citi confirms quarterly dividend of 60c per share
The Board of Directors of Citi (C)group declared a quarterly dividend on Citigroup's common stock of 60c per share, payable on August 22 to stockholders of record on August 4. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ya Libnan
03-07-2025
- Business
- Ya Libnan
Lebanon Credit Bank chairman arrested on charges of forgery and embezzlement
Al-Nashra website reported that Public Prosecutor Judge Jamal Hajjar has arrested the Chairman of the Board of Directors of Credit Bank, Tarek Khalifa, and his advisor, Ralph Sayyad, on charges of falsifying account statements that were sent to the Special Investigation Commission of the Central Bank of Lebanon, and of embezzlement and theft of funds from Credit Bank. Lebanon's banking system has essentially collapsed as part of a broader economic crisis that began in 2019. The crisis has been marked by a severe devaluation of the Lebanese pound, bank restrictions on withdrawals, and widespread economic hardship. El Nashra
Mint
26-06-2025
- Business
- Mint
Bank of India board approved raising ₹20,000 crore via Long Term Infra Bonds
New Delhi [India], June 26 (ANI): The Board of Directors of Bank of India on Thursday considered and approved issue of Long Term Infra Bonds to the tune of ₹ 20,000 crore during the current financial year 2025-26. The bank informed stock exchanges that the decision was taken at the meeting of the Board of Directors earlier today. In February this year, Bank of India had raised 10 years Infrastructure Bonds of ₹ 2,690 crore at 7.50 per cent per annum. Other Public sector banks are also lining up fund-raising plans. Union Bank of India's board has approved raising of ₹ 6,000 crore through a mix of equity an debt instruments. ₹ 3000 crore will be raised through equities or rights issue and ₹ 3000 Crore via AT1 and Tier-2 binds. Infrastructure bonds typically have a long tenor and the proceeds are utilised by banks to fund long-term infrastructure projects. Reportedly, banks are increasingly tapping more resources via infrastructure bond issuances in the backdrop of deposit growth lagging credit growth. Public sector banks (PSBs) reportedly accounted for a majority of the total infra bond issuances last financial year. By 2030, India's economy is expected to expand to USD 7 trn from existing USD 3.9 trn. This is equivalent to nearly 2x expansion in the next 6 years. Infrastructure investments will play a pivotal role in enabling economic growth, as statistically, they are highly correlated. As per a recent analysis by Knight Frank India, a 1 per cent increase in infrastructure investment increases the economy's GDP by 0.60 per cent. To achieve an economic size of USD 7 trn by 2030, India's economy, according to Knight Frank, is required to grow at a CAGR of 10.1 per cent between 2024- 2030. Notably, this is the average annual growth China witnessed between 2000-10. To achieve a USD 7 trillion economy, India would require infrastructure investment worth USD 2.2 trillion until 2030.
Mint
11-06-2025
- Business
- Mint
Vedanta subsidiary Hindustan Zinc declares ₹10 per share interim dividend. Details here
Dividend stocks: Hindustan Zinc, a subsidiary of metals and mining major Vedanta, on Wednesday, June 11, announced an interim dividend of ₹ 10, amounting to a 500% payout considering the face value of ₹ 2. '… we wish to inform you that the Board of Directors of the Company through a resolution passed by circulation on Wednesday, June 11, 2025, at 12:56 pm, have approved the first Interim Dividend of ₹ 10 per equity share i.e. 500% on face value of ₹ 2/- per equity share for the Financial Year 2025-26,' Hindustan Zinc said in a filing to the exchanges. Hindustan Zinc, in an earlier update, has already communicated the record date for the purpose of the interim dividend. The company had fixed Tuesday, June 17, 2025, as the record date to identify shareholders eligible to receive the first interim dividend, the company said. It added that the dividend shall be duly paid within the stipulated timelines as prescribed under law. Hindustan Zinc's parent Vedanta will receive a windfall of ₹ 2,679.54 crore from the recent announcement of a ₹ 10 dividend. Meanwhile, the Government of India will receive around ₹ 1,180 crore as dividend. The latest dividend brings back the spotlight on Hindustan Zinc's dividend history. The company, which has a decent dividend yield of 3.54%, has announced dividends amounting to ₹ 19 in the past 12 months, according to Trendlyne data. The last dividend announced by the company was of ₹ 19, with the record date of August 28, 2024. After surging for four straight sessions amid a rally in silver prices to record high, Hindustan Zinc share price took a breather on Wednesday, June 11, shedding 2.3% of its value. Prior to this, the dividend stock Hindustan Zinc had risen nearly 14% in just four day. The BSE 200 stock declined to the day's low of ₹ 520.90 during the intra-day session today. So far in 2025, Hindustan Zinc stock is up 17%; however, in the last one year it has lost 25% of its value. On a longer time frame of five years, the stock has delivered multibagger gains, surging 202%.
