Annaly Capital Management, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:NLY)

Annaly Capital Management, Inc. (NYSE:NLY) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.30 per share by the real estate investment trust on Wednesday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 10.55%. The ex-dividend date is Thursday, December 28th.

Annaly Capital Management has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Annaly Capital Management to earn $1.23 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 97.6%.

Shares of Annaly Capital Management (NLY) opened at $11.37 on Thursday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 1-year low of $10.08 and a 1-year high of $12.73. The company has a market cap of $13,180.00, a PE ratio of 4.55, a price-to-earnings-growth ratio of 2.16 and a beta of 0.22.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm had revenue of $353.61 million during the quarter, compared to analyst estimates of $361.67 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. equities analysts anticipate that Annaly Capital Management will post 1.2 EPS for the current fiscal year.

In other Annaly Capital Management news, CFO Glenn Votek acquired 25,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average price of $11.73 per share, with a total value of $293,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Wellington Denahan acquired 125,280 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the transaction, the chairman now owns 1,798,414 shares in the company, valued at $21,527,015.58. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 460,080 shares of company stock valued at $5,239,984. 0.43% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on NLY shares. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.21.

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Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Dividend History for Annaly Capital Management (NYSE:NLY)

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