- Chimera Investment (CIM) is up 3.9% AH after declaring a $0.20 per share special dividend, payable on January 31 to holders of record on January 8.
- CEO Matthew Lambiase: "By operating at low leverage and by avoiding new issue loan securitizations as credit spreads widened, our book value held up better than most in the turbulent market ... (we) believe that the best use of the company's liquidity at this time is to return a portion to shareholders in a special dividend."
- "Chimera continues to be positioned defensively and has ample liquidity to take advantage of opportunities that may arise in the potentially tumultuous bond market ahead."
- Press release
Chimera declares $0.20 special dividend; +3.9% AH
Dec 19 2013, 16:47 ET