Annaly Capital Management Inc to Issue Quarterly Dividend of $0.70 (NYSE:NLY)

Key Points

• Annaly declared a quarterly dividend of $0.70 per share (annualized $2.80), with an ex-dividend/record date of March 31 and a pay date of April 30, implying a dividend yield of about 12.7%.
• Dividend sustainability is a concern: the company’s payout ratio is currently 96.2%, and analysts forecast next-year EPS of $2.78 versus the $2.80 annual dividend, implying a projected payout ratio of roughly 100.7%.
• NLY trades near $22 with a market cap of about $15.8 billion and a P/E of 7.9, and has a 12‑month range of $16.59 to $24.52.

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) declared a quarterly dividend on Thursday, March 12th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.70 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, March 31st.

Annaly Capital Management has decreased its dividend payment 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. 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 2.0%

NLY stock opened at $22.02 on Friday. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 6.90 and a beta of 1.24. The firm's 50-day moving average price is $23.16 and its two-hundred day moving average price is $22.21. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Equities analysts predict that Annaly Capital Management will post 2.81 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.

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