Does Chimera Investment Corporation (CIM) Pay a Dividend? (2026)

Yes. Chimera Investment Corporation pays a dividend yielding roughly 12.92% as of July 2026, paid quarterly, four times a year. The most recent payment on record was $0.45 per share with an ex-dividend date of June 30, 2026. That works out to a forward annual rate of about $1.64 per share. Yields move with the share price, so verify the current figure with your broker or CIM's investor relations page before relying on it.

About 12.92% as of July 2026. On a $10,000 position that is roughly $1292 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so CIM yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.

Chimera Investment Corporation pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of June 30, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on CIM's investor relations page, because boards can change both the amount and the timing.

The ex-dividend date recorded in our July 2026 data pull is June 30, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check CIM's investor relations page for the next confirmed date.

$0.45 per share in the most recent payment (ex-date June 30, 2026), which annualizes to about $1.64 per share. The equivalent payment a year earlier was $0.37. That is a change of 21.6% year over year.

Yes. The latest payment of $0.45 per share is above the $0.37 paid in the same slot a year earlier, an increase of about 21.6%. One raise is not a policy, though: check the multi-year record on CIM's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.

Chimera Investment Corporation paid out about 86% of its earnings as dividends, so the dividend absorbs nearly all earnings. There is little cushion at that level: if earnings fall, the company has to fund the payout from cash or debt, or cut it. Check the cash-flow coverage and the trend in earnings before treating the yield as dependable. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.

At a yield of about 12.92%, roughly $1292 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.

Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.

Most brokers offer automatic reinvestment (a DRIP) that puts each CIM payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.

Mortgage REITs mark many assets and hedges to fair value, so changes in rates and spreads can create large GAAP gains or losses that do not reflect cash earnings. In the first quarter of 2026 Chimera posted a GAAP net loss but reported earnings available for distribution that covered the dividend. That distributable-earnings figure is the better gauge of cash-generating capacity.

In early 2026 management declared a $0.45 quarterly dividend and said it intended to maintain that rate through the year, backed by distributable earnings that covered the payout. That said, mortgage-REIT dividends are not guaranteed and can be cut if rates, spreads, or credit conditions deteriorate. Always check the latest coverage and book-value trends before relying on the payout.

REIT distributions are generally taxed as ordinary income rather than at the lower qualified-dividend rate, though the exact treatment depends on the character of the distribution and your situation. Many investors hold mortgage REITs in tax-advantaged accounts for this reason. Consult a tax professional and check the company's distribution characterization for your specific circumstances.