Buy This 11.3% Dividend Yield, Nice Discount To Book, Annaly Is Finally On Sale [Seeking Alpha]
Annaly Capital Management Inc. (NLY)
Last annaly capital management inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
annaly.com/investors
Company Research
Source: Seeking Alpha
Buy This 11.3% Dividend Yield, Nice Discount To Book, Annaly Is Finally On Sale Summary Annaly Capital Management finally went on sale. After years of telling investors to ignore (or sometimes to outright sell) the common shares in favor of the preferred shares, we are changing our outlook. Annaly shouldn't have been trading above $10.00 before and shouldn't be today. However, they are a buy at $8.81. The share price fell over the last month by more than an entire year's dividend. That brings opportunity. The new dividend of $.25 should be sustained for at least a year and probably two years. Investors who took our suggestion and used the preferred shares were consistently growing their capital. If they want the common, the price is finally right. You've heard our bearish take on Annaly Capital Management ( NLY What Happened? Annaly Capital Management announced its intent to reduce the dividend from $.30 to $.25 per quarter. Shares began a massive decline. They fell from over $10
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NLY
News
- Annaly Capital Management, Inc. to Host Investor Day on Thursday, November 21, 2024Business Wire
- Annaly Capital Management, Inc. Announces Preferred Dividends [Yahoo! Finance]Yahoo! Finance
- Annaly Capital Management, Inc. Announces Preferred DividendsBusiness Wire
- Annaly Capital Management, Inc. (NYSE: NLY) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating. They now have a $21.00 price target on the stock.MarketBeat
- This 13%-Yielding Dividend Is on Very Shaky Ground [Yahoo! Finance]Yahoo! Finance
NLY
Earnings
- 10/23/24 - Miss
NLY
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 10/31/24 - Form 10-Q
- NLY's page on the SEC website