MARKET CURRENTS
real-time news and commentary for investors
MARKET CURRENTS
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Wednesday, June 19, 2013
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4:38 PM Chimera Investment Corporation (CIM) declares $0.09/share quarterly dividend, in line with previous. Forward yield 11.65%. For shareholders of record July 1. Payable July 31. Ex-div date June 27. (PR) 2 Comments
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4:27 PM As previously tipped, Chimera Investment (CIM) holds it payout steady, declaring a Q2 dividend of $0.09/share for an annualized yield of 11.7%. It's possible at least some portion of that dividend is return of capital, rather than ordinary income or capital gain, says the company, which also estimates economic book value as of March 31 of $3.08/share vs. an estimated $3.04/share in Dec. 31 (the company is behind on its Qs, so these remain estimates). 2 Comments
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4:22 PM Annaly Capital (NLY) cuts its payout 11.1%, declaring a Q2 dividend of $0.40/share for an annualized yield of 12.3%. Shares +0.5% AH. (PR) 2 Comments
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9:49 AM Ellington Residential Mortgage REIT (EARN) declares its first dividend since coming public last month, a payout of $0.14/share. The company estimates book value as of May 31 of $19.36/share vs. the pro-forma post-IPO book value of $19.80 (shares are at $17.89). "Our hedging methodology was successful in largely offsetting the impact of the dramatic interest rate rise that we saw in May ... despite the magnitude of the drops in the agency RMBS market, we were able to limit the decline in book value." EARN is managed by the same team behind Ellington Financial (EFC). Comment!
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