Annaly Capital Management, Inc. (NYSE:NLY) Announces $0.22 Quarterly Dividend

Annaly Capital Management, Inc. (NYSE:NLY) announced a quarterly dividend on Wednesday, June 9th, Zacks reports. Stockholders of record on Wednesday, June 30th will be paid a dividend of 0.22 per share by the real estate investment trust on Friday, July 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date of this dividend is Tuesday, June 29th.

Shares of NLY stock opened at $9.37 on Friday. Annaly Capital Management has a 12 month low of $6.26 and a 12 month high of $9.64. The company has a market cap of $13.10 billion, a PE ratio of 3.06, a PEG ratio of 1.72 and a beta of 1.23. The firm’s fifty day simple moving average is $9.06.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 27th. The real estate investment trust reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. Annaly Capital Management had a net margin of 184.57% and a return on equity of 14.15%. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, sell-side analysts forecast that Annaly Capital Management will post 1.1 earnings per share for the current year.

A number of brokerages recently issued reports on NLY. BTIG Research reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Tuesday, April 27th. Keefe, Bruyette & Woods cut shares of Annaly Capital Management from an “outperform” rating to a “market perform” rating and set a $9.50 price target on the stock. in a research note on Sunday, June 6th. TheStreet raised Annaly Capital Management from a “c” rating to a “b-” rating in a research report on Thursday, April 29th. Finally, Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating and set a $9.50 target price for the company. in a research report on Saturday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $8.84.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

Featured Article: Strangles

Dividend History for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.