Annaly Capital Management Inc (NLY) To Go Ex-Dividend on June 30th

Annaly Capital Management Inc (NYSE:NLY – Get Free Report) 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 13.6%. 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 by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Annaly Capital Management has a payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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%.

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Annaly Capital Management Stock Up 2.9%

Shares of NYSE:NLY opened at $22.03 on Friday. Annaly Capital Management has a 52-week low of $18.64 and a 52-week high of $24.52. The stock’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $22.47. The company has a market capitalization of $16.14 billion, a P/E ratio of 7.44, a P/E/G ratio of 6.54 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. On average, sell-side analysts anticipate that Annaly Capital Management will post 2.98 earnings per share for the current year.

Annaly Capital Management Company Profile

(Get Free Report)

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.

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