Annaly Capital Management Plans Quarterly Dividend of $0.45 (NLY)
Annaly Capital Management (NYSE:NLY) announced a quarterly dividend on Wednesday, March 20th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.45 per share on Monday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 11.54%. The ex-dividend date is Wednesday, March 27th.
Several analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Annaly Capital Management in a research note to investors on Friday, March 1st. Finally, analysts at Compass Point cut their price target on shares of Annaly Capital Management from $17.00 to $16.50 in a research note to investors on Monday, February 11th. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus price target of $15.26.
Annaly Capital Management (NYSE: NLY) traded up 0.65% on Wednesday, hitting $15.60. Annaly Capital Management has a 1-year low of $13.72 and a 1-year high of $17.75. The stock’s 50-day moving average is currently $15.15. The company has a market cap of $14.777 billion and a price-to-earnings ratio of 9.04.
Annaly Capital Management (NYSE: NLY) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.10. During the same quarter last year, the company posted $0.54 earnings per share. On average, analysts predict that Annaly Capital Management will post $1.33 earnings per share for the current fiscal year.
Annaly Capital Management, Inc. owns, manages and finances a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (NYSE: NLY), Agency callable debentures, and other securities representing interests in the obligations backed by pools of mortgage loans.
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