Preferred Stock Of Chimera Is Reasonably Valued, Despite Its Outsized Return
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Chimera Investment Corporation's preferred stock is recommended for its 10% dividend yield and safety margin, achieving a 46% total return since April 2023. With cooling inflation and decreasing interest rates, it remains attractive with a 10.1% floating yield.
December 03, 2024 | 9:00 pm
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Chimera Investment Corporation's preferred stock is recommended due to its high dividend yield and safety, achieving a 46% return since April 2023. It remains attractive with a 10.1% floating yield amid cooling inflation and decreasing interest rates.
The article highlights the strong performance and attractive yield of Chimera's preferred stock, supported by a favorable macroeconomic environment with cooling inflation and decreasing interest rates. This suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100