Annaly Capital Management, Inc. (NLY) to Issue Quarterly Dividend of $0.22 on July 30th

Annaly Capital Management, Inc. (NYSE:NLY) declared a quarterly dividend on Wednesday, June 9th, Zacks reports. Shareholders of record on Wednesday, June 30th will be paid a dividend of 0.22 per share by the real estate investment trust on Friday, July 30th. This represents a $0.88 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date is Tuesday, June 29th.

NYSE NLY traded down $0.22 on Friday, reaching $9.29. The stock had a trading volume of 496,186 shares, compared to its average volume of 14,514,436. The stock’s fifty day moving average is $9.06. Annaly Capital Management has a 1-year low of $6.26 and a 1-year high of $9.64. The stock has a market capitalization of $12.99 billion, a P/E ratio of 3.06, a P/E/G ratio of 1.72 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 27th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Annaly Capital Management had a return on equity of 14.15% and a net margin of 184.57%. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities analysts forecast that Annaly Capital Management will post 1.1 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on NLY. Keefe, Bruyette & Woods downgraded Annaly Capital Management from an “outperform” rating to a “market perform” rating and set a $9.50 target price for the company. in a research report on Sunday, June 6th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating and set a $9.50 price objective for the company. in a research report on Saturday, May 1st. BTIG Research reiterated a “neutral” rating on shares of Annaly Capital Management in a research report on Tuesday, April 27th. Finally, TheStreet upgraded Annaly Capital Management from a “c” rating to a “b-” rating in a research report on Thursday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $8.84.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Dividend History for Annaly Capital Management (NYSE:NLY)

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