Annaly Capital Management Inc (NLY) to Issue Quarterly Dividend of $0.75 on October 30th

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Wednesday, September 9th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.75 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Annaly Capital Management has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Annaly Capital Management has a 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. 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 Trading Down 2.8%

NYSE NLY opened at $21.99 on Friday. The business has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $22.37. Annaly Capital Management has a 12 month low of $20.00 and a 12 month high of $24.52. The firm has a market capitalization of $16.57 billion, a P/E ratio of 5.51, a PEG ratio of 1.78 and a beta of 1.16.

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