Chimera Investment (CIM -5.2%) falls sharply after declaring a Q2 dividend of $0.09/share, down...

Chimera Investment (CIM -5.2%) falls sharply after declaring a Q2 dividend of $0.09/share, down from $0.11 in Q1. It's the 2nd dividend cut in 3 quarters on top of the recent firing of its auditor (the company has yet to file its 2011 10K or Q1 10Q). (PR)

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Comments (3)
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
    Still bleeding, looking for bandage. brb
    pout whimper
    drat, struck a reef
    Capt. Brian
    The Lost Navigator
    20 Jun 2012, 02:09 PM Reply Like
  • MustangMajor
    , contributor
    Comments (113) | Send Message
    Drat! Now I can get only a 12% yield. What should I do?
    I suppose I could buy a CD, or 10 year Treasury. Oh what
    was that? Details, Details.
    20 Jun 2012, 08:53 PM Reply Like
  • eabyrd
    , contributor
    Comments (309) | Send Message
    Agreed that savings, CDs, and treasuries aren't the place to be... but I'd still be concerned considering they've cut twice now when many peers have maintained or increased their dividends. I'm long TWO... solid so far and steady dividends. All REITs got a bit of good news from the FOMC decision to extend OpTwist. AGNC and ARR are also worth a look.
    21 Jun 2012, 10:44 AM Reply Like
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