Orlando, FL -- (SBWIRE) -- 10/18/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Chimera Investment Corporation (NYSE:CIM), Interpublic Group of Companies Inc(NYSE:IPG).
Chimera Investment Corporation (NYSE:CIM) shares gained 1.32% to $3.07. The company will begin trading ex-dividend on October 02, 2013. A cash dividend payment of $0.09 per share is scheduled to be paid on October 31, 2013. Shareholders who purchased CIM stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that CIM has paid the same dividend. At the current stock price of $3.04, the dividend yield is 11.84%.
Are investors worried about the recent updates with CIM? Find out with a free trend analysis HERE
Interpublic Group of Companies Inc(NYSE:IPG) shares dropped 0.71% to $16.89. The company on Oct. 15 announced that it is exercising its option to force conversion of all outstanding shares of its 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Preferred Stock") into common stock of the Company. The conversion will be effective October 17, 2013 (the "Forced Conversion Date"). The Company is acting pursuant to Section 5 of the Certificate of Designations governing its Series B Preferred Stock.
Dividends on the Series B Preferred Stock, in aggregate $2.9 million quarterly or $11.6 million annually, will cease to accumulate on the Forced Conversion Date. On the Forced Conversion Date holders of the Series B Preferred Stock will receive 77.8966 shares of common stock per share of Series B Preferred Stock.
Is IPG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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