Annaly Capital Management Inc (NYSE:NLY) Announces $0.70 Quarterly Dividend

Key Points

• Annaly Capital Management Inc declared a quarterly dividend of $0.70 per share, with a yield of 12.7%, payable on October 31st to shareholders of record on September 30th.
• The company's current dividend payout ratio is 96.2%, indicating that future earnings may not fully cover dividends, with analysts forecasting earnings of only $2.78 per share next year.
• Despite a 0.7% decline in stock price on the day of the announcement, Annaly Capital Management maintains a market cap of $14.19 billion and a PE ratio of 21.89.

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.70 per share by the real estate investment trust on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Annaly Capital Management has a dividend 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 decline. Research analysts expect Annaly Capital Management to earn $2.78 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 100.7%.

Annaly Capital Management Trading Down 0.7%

Shares of NLY stock traded down $0.17 on Wednesday, reaching $22.11. 9,814,835 shares of the stock were exchanged, compared to its average volume of 6,329,374. The stock has a 50 day moving average price of $20.61 and a 200 day moving average price of $19.99. The stock has a market cap of $14.19 billion, a PE ratio of 21.89, a P/E/G ratio of 5.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Equities research analysts forecast that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in shares of Annaly Capital Management by 9.3% in the fourth quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust's stock worth $20,060,000 after acquiring an additional 93,708 shares during the last quarter. Ethic Inc. boosted its holdings in Annaly Capital Management by 2.9% in the fourth quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust's stock worth $989,000 after purchasing an additional 1,544 shares during the period. Ensign Peak Advisors Inc boosted its holdings in shares of Annaly Capital Management by 6.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust's stock valued at $3,398,000 after acquiring an additional 11,250 shares during the period. Focus Partners Wealth boosted its holdings in shares of Annaly Capital Management by 68.4% during the fourth quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust's stock valued at $333,000 after acquiring an additional 7,371 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Annaly Capital Management by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 849,061 shares of the real estate investment trust's stock valued at $15,538,000 after purchasing an additional 38,760 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.

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