Shares of Chimera Investment Corporation (NYSE:CIM) ended Friday session in red amid volatile trading. The shares closed down -0.77 points or -4.58% at $16.03 with 3.01 million shares getting traded. Post opening the session at $16.74, the shares hit an intraday low of $16.03 and an intraday high of $16.77 and the price vacillated in this range throughout the day. The company has a market cap of $3.00 billion and the numbers of outstanding shares have been calculated to be 187.73 million shares.
On August 4, 2016 The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.48 per common share. The dividend is payable October 27, 2016, to common stockholders of record on September 30, 2016. The ex-dividend date is September 28, 2016. The Board of Directors also announced that it expects to maintain a quarterly cash dividend of $0.48 per common share for the fourth quarter of 2016.
Shares of American Tower Corp (NYSE:AMT) ended Friday session in red amid volatile trading. The shares closed down -6.04 points or -5.20% at $110.19 with 2.96 million shares getting traded. Post opening the session at $115.30, the shares hit an intraday low of $110.19 and an intraday high of $115.69 and the price vacillated in this range throughout the day. The company has a market cap of $46.88 billion and the numbers of outstanding shares have been calculated to be 425.49 million shares.
American Tower Corp (AMT) on July 28, 2016 reported financial results for the quarter ended June 30, 2016.
Jim Taiclet, American Tower’s Chief Executive Officer stated, “Our Company’s strong second quarter total Property Revenue growth of nearly 24% was powered by solid U.S. Organic Tenant Billings Growth of nearly 6%, and more than double that level in our international markets, at approximately 14%. Total Organic Tenant Billings grew by approximately 8% in the quarter and were further enhanced by an approximately 15% contribution in New Site Tenant Billings associated primarily with our Viom transaction in India and sites acquired from Bharti Airtel in Nigeria and TIM in Brazil.
American Tower’s consistent track record of performance is based on 20 years of dedication to developing a leadership position in the physical, intellectual and organizational capital that enables us to provide high quality telecommunications real estate to the world’s largest network operators in the U.S., Latin America, Asia and EMEA. We therefore believe that our company has built a sustainable competitive advantage that will drive continuing growth in Consolidated AFFO per share and in our dividend for many years to come.”