This 13%-Yielding Dividend Is on Very Shaky Ground [Yahoo! Finance]
Annaly Capital Management Inc. (NLY)
Last annaly capital management inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
That risk is apparent when taking a closer look at the mortgage REIT's third-quarter results. Here's the key number that puts its high-yielding dividend at a high risk for another reduction. Annaly Capital Management reported $0.66 per share of earnings available for distribution (EAD) during the third quarter, which is money it could pay out in dividends. That was only slightly above its quarterly dividend payment of $0.65 per share. Its EAD was flat with the year-ago period and down from $0.68 per share in the second quarter. On the one hand, Annaly is currently earning more than its dividend. However, its EAD has fallen steadily over the years, which has led the company to make a series of dividend cuts. For example, its EAD fell from $0.89 per share at the end of 2022 to $0.81 during the first quarter of 2023. That decline led the REIT to reduce its dividend payment from $0.88 per share to its current level o f $0.65. That was one of the many dividend cuts the company has m
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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
- Annaly Capital Management, Inc. (NYSE: NLY) had its price target lowered by analysts at JPMorgan Chase & Co. from $22.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
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