Chimera (CIM) Stock Jumps 7.5%: Will It Continue to Soar?

Chimera Investment (CIM) shares ended the last trading session 7.5% higher at $12.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.8% loss over the past four weeks. The increased optimism in the stock can be attributed to its recent announcement of a dividend hike. Chimera's board of directors announced a cash dividend of 35 cents per share on its common stock for the second quarter of 2024, indicating an inc ...