Chimera Announces Fourth Quarter 2025 Preferred Stock Dividend Declarations
The Board of Directors of Chimera Investment Corporation has announced the declaration of several cash dividends for the fourth quarter of 2025 on its outstanding series of preferred stock. These dividends represent Chimera’s continued commitment to delivering consistent returns to its preferred shareholders and maintaining disciplined capital allocation practices in line with its long-term financial strategy.
To begin, the Board declared a quarterly cash dividend of $0.50 per share for holders of the company’s 8.00% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on December 30, 2025, to all shareholders of record as of the close of business on December 1, 2025. The ex-dividend date, which signifies the cutoff point for eligibility to receive the dividend, is also December 1, 2025. The Series A Preferred Stock carries a fixed coupon rate of 8.00%, and as it is cumulative, any unpaid dividends must be paid in full before dividends can be issued to common shareholders. The declaration underscores the company’s continued prioritization of its preferred equity obligations.
In addition to the Series A announcement, Chimera’s Board declared a quarterly cash dividend of $0.6274 per share for its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. For the fourth quarter, this dividend reflects a dividend rate of 10.03786%. This rate is calculated based on the three-month CME Term Secured Overnight Financing Rate (SOFR), increased by a spread adjustment of 0.26161%, and further enhanced by an additional spread of 5.791%. As with the Series A dividend, the Series B dividend will be payable on December 30, 2025, to shareholders of record on December 1, 2025, with the ex-dividend date set for the same day. The floating rate structure of the Series B preferred stock ties future payments to prevailing short-term interest rates, thereby adjusting yields in response to broader market conditions.
The company also declared a quarterly cash dividend on its 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. For the fourth quarter, holders will receive $0.5681 per share, reflecting a dividend rate of 8.98986%. Similar to the Series B dividend calculation, this rate is based on the three-month CME Term SOFR, increased by a 0.26161% spread adjustment, plus an additional spread of 4.743%. This dividend, too, is payable December 30, 2025, to preferred shareholders of record on December 1, 2025, with the ex-dividend date matching the record date. The Series C structure provides a balance between fixed-income predictability and market-rate responsiveness once the dividend rate transitions fully to a floating basis.
Furthermore, Chimera’s Board announced a fourth quarter cash dividend of $0.6083 per share for its 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The dividend corresponds to a dividend rate of 9.62586%, derived from the three-month CME Term SOFR, adjusted upward by a 0.26161% spread adjustment, and supplemented by a spread of 5.379%. As with the other preferred series, shareholders recorded by the close of business on December 1, 2025 will receive payment on December 30, 2025, with the ex-dividend date also on December 1, 2025.
Collectively, these dividend declarations highlight Chimera’s ongoing efforts to deliver consistent and competitive returns for preferred shareholders, even in evolving market environments. The company’s preferred stock offerings—ranging from fixed-rate to fixed-to-floating structures—provide investors with a selection of income-generating securities designed to meet varied risk and return preferences.
About Chimera Investment Corporation
Chimera Investment Corporation is a publicly traded real estate investment trust (REIT) focused on generating attractive risk-adjusted returns and steady income for its investors. The company operates as a fully integrated mortgage investment platform with capabilities that span loan origination, investment management, advisory services, and portfolio acquisition.
Chimera invests across a diversified portfolio of mortgage-related assets, generally utilizing leverage to enhance investment performance. Its portfolio includes:
- Residential Mortgage Loans
- Non-Agency Residential Mortgage-Backed Securities (RMBS)
- Agency RMBS
- Agency Commercial Mortgage-Backed Securities (CMBS)
- Mortgage Servicing Rights (MSRs)
- Business-purpose and investor mortgage loans, including rehabilitation-to-rent (RTL) credit products
- Consumer non-qualified mortgage (non-QM) loans
- Other real estate and mortgage-related assets
Through its subsidiaries, Chimera originates various mortgage loan products designed to serve diverse borrower segments, including consumers, property investors, and business-purpose mortgage customers. Its multi-platform structure allows the company to manage every component of the mortgage asset lifecycle—from sourcing and underwriting to securitization and asset management—positioning it to navigate shifts in interest rate cycles, credit environments, and housing market performance.
Chimera’s strategic focus centers on aligning investment opportunities with long-term market fundamentals in mortgage credit. By diversifying its mortgage asset portfolio and actively managing exposure, the company aims to generate sustainable earnings while protecting shareholder capital and supporting stable income distribution policies.
