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

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 30th will be given 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 yield of 14.0%. The ex-dividend date 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 every year for the last 2 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. Equities 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%.

Annaly Capital Management Stock Down 1.1%

NLY stock opened at $21.48 on Thursday. The company has a market capitalization of $15.74 billion, a P/E ratio of 7.26, a PEG ratio of 6.63 and a beta of 1.17. The company has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $22.47. Annaly Capital Management has a fifty-two week low of $18.64 and a fifty-two week high of $24.52.

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

Hedge Funds Weigh In On Annaly Capital Management

Several institutional investors and hedge funds have recently bought and sold shares of NLY. Fourth Dimension Wealth LLC grew its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares in the last quarter. Root Financial Partners LLC grew its stake in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,136 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management during the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management during the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC grew its stake in Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

About Annaly Capital Management

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.