SOURCE: Paragon Financial Limited

Paragon Financial Limited

December 15, 2011 08:16 ET

Strong Dividends From Annaly Capital and Chimera Investment Corp Benefitting From Near Zero Interest Rates

Paragon Report Provides Equity Research on Annaly Capital Management & Chimera Investment Corp

NEW YORK, NY--(Marketwire - Dec 15, 2011) - For roughly three years, the central bank has kept overnight interest rates near zero as unemployment remains relatively high and housing issues persist. While high yielding REITs such as Annaly Capital Management & Chimera Investment Corp have benefitted from the low interest rate environment, some industry player saw their profits drop last quarter as gains in net interest income were offset by lower investment income.The Paragon Report examines the outlook for diversified REITs and provides equity research on Annaly Capital Management, Inc. (NYES: NLY) and Chimera Investment Corporation (NYSE: CIM). Access to the full company reports can be found at:

Earlier this week, the Federal Reserve reiterated its promise to keep interest rates at "exceptionally low levels... at least through mid-2013," in a largely pro-forma statement after its last meeting of the year."While indicators point to some improvement in overall labour market conditions, the unemployment rate remains elevated," the Federal Open Market Committee said in a statement at the end of the meeting.

The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on diversified REITs register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Chimera Investment Corporation invests in residential mortgage-backed securities, residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The company says that its principal business objective is to generate net income from the spread between the yields on its investments and the cost of borrowing to finance their acquisition and secondarily to provide capital appreciation. Chimera said in its third quarter earnings release that it declared common stock dividends of $0.13, $0.18, and $0.13 per share for the quarters ended September 30, 2011, September 30, 2010, and June 30, 2011, respectively.

Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. Presently the company pays an annual dividend of $2.40 per share for a yield of around 14.9 percent.

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