Chimera Cuts Its Dividend and Raises Capital. Is the Worst Over?
The mortgage real estate investment trust (REIT) sector has had a wild ride over the past three months. Virtually every stock in the sector reported a reduction in book value and has been forced to cut its dividend.
The companies in the sector have reacted to this dislocation in different ways. Some sold off the riskiest assets, while others sold off the safest.
How did Chimera (NYSE: CIM) approach the issue?
Source Fool.com
