Annaly Capital Management Inc (NYSE:NLY) Raises Dividend to $0.75 Per Share

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.75 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 7.1% increase from Annaly Capital Management’s previous quarterly dividend of $0.70.

Annaly Capital Management has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Annaly Capital Management has a payout ratio of 96.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Annaly Capital Management to earn $2.96 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 94.6%.

Annaly Capital Management Trading Down 1.1%

Shares of NLY opened at $21.48 on Thursday. The firm has a market cap of $15.74 billion, a PE ratio of 7.26, a P/E/G ratio of 6.63 and a beta of 1.17. The stock has a fifty day moving average price of $21.94 and a 200-day moving average price of $22.47. Annaly Capital Management has a 12 month low of $18.64 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. As a group, research analysts forecast that Annaly Capital Management will post 2.98 EPS for the current year.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.