Know the company
Company overview
Chimera invests in residential mortgage loans and mortgage-backed securities, including assets with direct credit exposure. Interest and other returns from those investments provide the income, but Chimera finances a meaningful part of the portfolio with borrowing. The dividend case depends on what is left after funding, hedging, operating costs and credit losses. Borrower payments and mortgage values both matter.
- Business
- REIT
- Listing
- CIM · XNYS
- Reporting period
- 2026-06-30
- Dividend schedule
- Quarterly
- Next declared payment
- $0.45 per common share on 2026-10-30
How the business works
Chimera’s distribution capacity begins with net interest income and investment income from its mortgage assets. That income must exceed the costs of repo and other financing, hedges, operating expenses, and realized credit losses or impairments by a sufficient margin. Portfolio turnover, loan prepayments, changes in asset spreads, and changes in borrowing costs can all alter that margin quickly. Realized gains may supplement results in some periods, but durable distribution capacity is better assessed through recurring earnings available for distribution and the underlying economics that produce it.
Chimera Investment Corporation: 10-Q supporting reported earnings