Chimera Investment Corporation Announces Q2 2023 Common Stock Dividend Of $0.18 And Increase In Share Repurchase Program From $177M To $250M
Portfolio Pulse from Benzinga Newsdesk
Chimera Investment Corporation (NYSE:CIM) announced a Q2 2023 common stock dividend of $0.18 per share and an increase in its share repurchase program from $177M to $250M.
June 14, 2023 | 8:34 pm
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Chimera Investment Corporation declared a Q2 2023 dividend of $0.18 per share and increased its share repurchase program from $177M to $250M.
The announcement of a dividend and an increase in the share repurchase program is generally seen as a positive signal for investors. The dividend provides income to shareholders, while the increased repurchase program indicates that the company believes its stock is undervalued and is willing to invest in itself. This could lead to a short-term increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100