Chimera Investment Corporation
CIMReal Estate · REIT - Mortgage · Stock · quarterly payer
Forward Yield
21.45%
Annual Dividend
$1.80
Payout Ratio
86%
5-Yr Growth
-16.3%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about CIM's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Chimera Investment Corporation (CIM) has a forward dividend yield of 21.45%, based on an annual dividend of $1.80 per share and a share price of $8.39.
- As of Oct 27, 2026, CIM's dividend safety grade from SmarterDividends is D (42 out of 100), which rates the dividend as unsafe.
- CIM last cut its regular dividend in 2024.
- CIM's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.45 per share.
- As of Oct 27, 2026, CIM pays out 86% of its trailing 12-month earnings as dividends (its payout ratio).
- CIM's dividend has shrunk at an average rate of 16.3% a year over the past five years.
- As of Oct 27, 2026, CIM's 21.45% yield is 96% above its five-year average yield of 10.97%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for CIM is $24.63 per share, 194% above the $8.39 share price, so CIM screens as undervalued.
- Chimera Investment Corporation (CIM) pays its dividend quarterly, 4 times a year.
- Chimera Investment Corporation (CIM) has raised its regular dividend 13 times and cut it 11 times across the 78 payments on record since 2007. Its most recent change was a 21.6% increase to $0.450 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Dec 28, 2023.
Cite this page
SmarterDividends, "CIM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/CIM
Summary
As of Oct 27, 2026, Chimera Investment Corporation (CIM) yields 21.45% ($1.80 a year per share) and has a dividend safety grade of D (42/100).
Is CIM a good dividend stock?
MixedChimera Investment Corporation (CIM) pays a quarterly dividend yielding 21.45% ($1.80/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (86%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 21.45%
- Payout Ratio
- 86%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- -16.3%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.81
- Market Cap
- $702.3M
- P/E Ratio
- —
- 5-Yr Total Return
- -82%
- 52-Week Range
- $8.11 – $14.18
- Dividend Safety
- D · 42/100
- Ever Cut?
- Yes (2024)
CIM dividend raises and cuts
Chimera Investment Corporation (CIM) has raised its regular dividend 13 times and cut it 11 times across the 78 payments on record since 2007. Its most recent change was a 21.6% increase to $0.450 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Dec 28, 2023.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 31, 2026 | Raise | $0.370 → $0.450 | +21.6% |
| Sep 30, 2024 | Raise | $0.350 → $0.370 | +5.7% |
| Jun 28, 2024 | Raise | $0.330 → $0.350 | +6.1% |
| Dec 28, 2023 | Cut | $0.540 → $0.330 | −38.9% |
| Jun 29, 2023 | Cut | $0.690 → $0.540 | −21.7% |
| Sep 29, 2022 | Cut | $0.990 → $0.690 | −30.3% |
| Jun 29, 2021 | Raise | $0.900 → $0.990 | +10.0% |
| Jun 19, 2020 | Cut | $1.50 → $0.900 | −40.0% |
| Dec 28, 2016 | Raise | $1.44 → $1.50 | +4.2% |
| Mar 29, 2016 | Cut | $1.50 → $1.44 | −4.0% |
| Mar 15, 2016 | Raise | $1.44 → $1.50 | +4.2% |
| Mar 27, 2015 | Raise | $1.35 → $1.44 | +6.7% |
Show all 24 changes since 2008
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 27, 2012 | Cut | $1.65 → $1.35 | −18.2% |
| Dec 27, 2011 | Cut | $1.95 → $1.65 | −15.4% |
| Jun 28, 2011 | Cut | $2.10 → $1.95 | −7.1% |
| Mar 29, 2011 | Cut | $2.55 → $2.10 | −17.6% |
| Dec 29, 2010 | Cut | $2.70 → $2.55 | −5.6% |
| Sep 30, 2010 | Raise | $2.55 → $2.70 | +5.9% |
| Dec 29, 2009 | Raise | $1.80 → $2.55 | +41.7% |
| Sep 29, 2009 | Raise | $1.20 → $1.80 | +50.0% |
| May 28, 2009 | Raise | $0.900 → $1.20 | +33.3% |
| Apr 2, 2009 | Raise | $0.600 → $0.900 | +50.0% |
| Dec 26, 2008 | Cut | $2.40 → $0.600 | −75.0% |
| Jun 10, 2008 | Raise | $0.375 → $2.40 | +540.0% |
Frequently Asked Questions
Is CIM a good dividend stock?
Mixed. Chimera Investment Corporation (CIM) pays a quarterly dividend yielding 21.45% ($1.80/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is CIM undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CIM's fair value is about $24.63 versus a $8.39 share price — so it looks undervalued (+194% vs. fair value).
Is CIM's dividend safe?
CIM has a dividend-safety grade of D (42/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is CIM's fair value?
Our blended fair-value estimate for CIM is about $24.63 per share, roughly 194% above the current $8.39 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CIM a buy, hold, or sell?
We don't issue formal ratings, but on the data CIM screens as "mixed" and undervalued. Chimera Investment Corporation (CIM) pays a quarterly dividend yielding 21.45% ($1.80/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will CIM cut its dividend?
CIM earns a dividend-safety grade of D (42/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CIM pay a dividend?
Yes. Chimera Investment Corporation pays a quarterly dividend of about $1.80 per share annually, a forward yield of roughly 21.45%.
What is CIM's dividend yield?
As of Oct 27, 2026, CIM's forward dividend yield is 21.45%, based on a $1.80 annual dividend and a $8.39 share price.
What is CIM's dividend per share?
As of Oct 27, 2026, CIM pays $1.80 per share per year, distributed on a quarterly basis.
What is CIM's dividend payout ratio?
As of Oct 27, 2026, CIM's payout ratio is 86% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has CIM grown its dividend?
As of Oct 27, 2026, CIM has increased its dividend for 1 consecutive years.
When is the next CIM ex-dividend date?
As of Oct 27, 2026, CIM's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.45 per share.
CIM Price — Last 12 Months
Daily close
Price Return
1 Year
-34%
3 Years
-46%
5 Years
-82%
52-Week Range
$8.11 – $14.18
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CIM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Chimera Investment Corporation is $24.63 per share, versus a market price of $8.39. That implies 194% of upside — a margin of safety of about 66%.
Fair Value
$24.63
Current Price
$8.39
Upside
+194%
Margin of Safety
66%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 12.0% discount rate (CAPM), 7.0% growth for five years fading to 2.5% over the next five, -$1.04 EPS, $1.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CIM Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CIM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 30, 2026 | $0.4500 | regular |
| Jun 30, 2026 | Jul 31, 2026 | $0.4500 | regular |
| Mar 31, 2026 | Apr 30, 2026 | $0.4500 | regular |
| Dec 31, 2025 | Jan 30, 2026 | $0.3700 | regular |
| Sep 30, 2025 | Oct 31, 2025 | $0.3700 | regular |
| Jun 30, 2025 | Jul 31, 2025 | $0.3700 | regular |
| Mar 31, 2025 | Apr 30, 2025 | $0.3700 | regular |
| Dec 31, 2024 | Jan 31, 2025 | $0.3700 | regular |
| Sep 30, 2024 | Oct 31, 2024 | $0.3700 | regular |
| Jun 28, 2024 | Jul 31, 2024 | $0.3500 | regular |
| Apr 5, 2024 | Apr 30, 2024 | $0.3300 | regular |
| Dec 28, 2023 | Jan 31, 2024 | $0.3300 | regular |
| Sep 28, 2023 | Oct 31, 2023 | $0.5400 | regular |
| Jun 29, 2023 | Jul 31, 2023 | $0.5400 | regular |
Income Calculator
At $1.80 / yr per share
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