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 paid a dividend of 0.30 per share by the real estate investment trust on Wednesday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Thursday, December 28th.
Annaly Capital Management has decreased its dividend by an average of 10.1% annually over the last three years. Annaly Capital Management has a dividend 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 decline. 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) traded up $0.06 on Thursday, hitting $12.12. 9,736,500 shares of the company were exchanged, compared to its average volume of 8,482,640. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management has a 12-month low of $9.83 and a 12-month high of $12.73. The stock has a market capitalization of $13,984.09, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.31 and a beta of 0.22.
A number of research analysts have commented on NLY shares. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.77.
In other Annaly Capital Management news, CFO Glenn Votek purchased 25,000 shares of Annaly Capital Management stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $11.73 per share, with a total value of $293,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Wellington Denahan purchased 125,280 shares of Annaly Capital Management stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $11.97 per share, for a total transaction of $1,499,601.60. Following the transaction, the chairman now directly owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. Insiders acquired 460,080 shares of company stock worth $5,239,984 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.
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.
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