Annaly Capital Management Inc (NYSE:NLY) to Issue Quarterly Dividend of $0.75

Key Points

• Annaly Capital Management declared a quarterly dividend of $0.75 per share, payable October 30 to shareholders of record on September 30. The dividend carries an annualized yield of approximately 13.3%, with September 30 as the ex-dividend date.
• The dividend payout ratio is 103.1%, indicating that current earnings do not fully cover the distribution. Analysts expect next year’s earnings of $3.08 per share against $3.00 in annual dividends, implying a projected payout ratio of 97.4%.
• Annaly reported quarterly EPS of $0.79, beating consensus estimates of $0.75, while shares opened at $22.59 and remained within their 52-week range of $20.00 to $24.52.

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.75 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

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 dividend payout ratio of 103.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Annaly Capital Management to earn $3.08 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 97.4%.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $22.59 on Thursday. The company has a market cap of $17.03 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. Annaly Capital Management has a 52 week low of $20.00 and a 52 week high of $24.52. The firm has a 50 day simple moving average of $22.91 and a 200 day simple moving average of $22.38.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. On average, equities analysts predict that Annaly Capital Management will post 3.09 earnings per share for the current year.

About Annaly Capital Management

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.

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