Preferred Stock Of Chimera Is Reasonably Valued, Despite Its Outsized Return

About one and a half years ago, I recommended buying the preferred stock of Chimera Investment Corporation (NYSE: CIM.PR.D ) for its attractive dividend yield of 10.0% back then and the wide margin of safety of the dividend. Since myI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind" ...