Annaly Capital Boosts Quarterly Dividend to $0.75 from $0.70
NLY is trading near its 52-week low of $18.64 (15% above the low).
Summary
Annaly Capital Management has raised its quarterly dividend by 7.14% to $0.75 per share from $0.70. This increase follows recent mixed Q1 results, which included a decline in GAAP net income but an increase in Earnings Available for Distribution. The dividend hike is a strong positive signal for income investors, indicating management's confidence in the company's ongoing financial health and ability to sustain higher distributions.
At the time of this announcement, NLY was trading at $21.37 on NYSE in the Finance sector, with a market capitalization of approximately $15.7B. The 52-week trading range was $18.64 to $24.52. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.