Annaly Capital Management Inc (NLY) To Go Ex-Dividend on March 31st

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.70 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Annaly Capital Management has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Annaly Capital Management has a dividend 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. Analysts expect Annaly Capital Management to earn $2.78 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 100.7%.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $20.77 on Friday. The stock’s fifty day simple moving average is $22.76 and its 200 day simple moving average is $22.21. Annaly Capital Management has a one year low of $16.59 and a one year high of $24.52. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 6.38 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. On average, research analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current year.

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.