Orlando, FL -- (SBWIRE) -- 08/20/2013 -- 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), ARMOUR Residential REIT, Inc.(NYSE:ARR).
Chimera Investment Corporation (NYSE:CIM) shares declined 1.35% to $2.92. The Board of Directors of Chimera Investment on June 19 declared the second quarter 2013 common stock cash dividend of $0.09 per common share. This dividend is payable July 31, 2013, to common shareholders of record on July 1, 2013. The ex-dividend date is June 27, 2013.
As previously announced, the Company initiated a regular quarterly dividend of $0.09 per common share for each of the quarters in 2013, portions of which may be ordinary income, capital gains or a return of capital. The Board of Directors will review this program after the conclusion of the fourth quarter of 2013.
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ARMOUR Residential REIT, Inc.(NYSE:ARR) shares fell 8.25% to $3.78. The company on August 7 announced that, on August 5, 2013, the Company received a letter from the New York Stock Exchange ("NYSE") notifying the Company that it is deficient in meeting Section 303A.01 of the NYSE Listed Company Manual, which requires a majority of independent directors on the board of directors. The Company is deficient in meeting this standard as a result of Jordan Zimmerman's resignation as a director of the Company, effective August 2, 2013.
Additionally, the company on August 1 announced financial results for the quarter ended June 30, 2013. Estimated taxable real estate investment trust ("REIT") income for the quarter ended June 30, 2013 was approximately $91.4 million. GAAP net income for the second quarter of 2013 was $481.4 million, including realized gains on the sales of Agency Securities of $20.9 million.
The Company paid dividends of $0.07 per Common share of record for each month of the quarter, resulting in payments to common stockholders of $78.7 million. The Company also paid monthly dividends of $0.17 per outstanding share of Series A Preferred Stock resulting in payments to Series A Preferred stockholders of $1.2 million and $0.16 per outstanding share of Series B Preferred Stock resulting in payments to Series B Preferred stockholders of $2.7 million. The Company had estimated taxable REIT income available to pay dividends of $91.4 million in Q2 2013.
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