Did anyone notice the last few lines of the 10K before the signatures?! They've announced that CIM will be paying a dividend of 9 cents for both the first and second quarter (18 total)! That's confidence folks as cash flow must be strong. As soon as the big boys figure this out,I'm looking for $4-5 short term and then another run when 2012 is filed. Giddy up!
It was disclosed for the first time in the 2011 10K filed after the close on March 8. The notion that the div has been known for over a month is nothing but spin by a very uncomfortable short. Any company this size that is going to pay out approx $100,000,000 in divs over the next four months is not only very confident, but in great shape. To the shorts, I say get ready to pony up the divs! I'm with Najarian, Cooperman, and the West family on this one.