NLY dividend yield – Annaly Capital Management Declares 0.65 Cash Dividend
June 25, 2023
🌥️Dividends Yield
On June 9 2023, Annaly Capital Management ($NYSE:NLY) Inc. declared a 0.65 cash dividend. As such, if you are looking for dividend stocks, ANNALY CAPITAL MANAGEMENT should be added to your list of considerations. Over the past three years, they have issued annual dividends per share of 3.29, 3.52, and 3.52 USD respectively, with dividend yields of 14.12%, 13.68%, and 9.94%, resulting in an average dividend yield of 12.58%. The ex-dividend date is set for June 29 2023.
Given these impressive figures, investors should keep an eye out for any news or changes that the company may announce. Investors should also consider the risks associated with investing in any dividend stock and should not make decisions based solely on the dividend yield. Nevertheless, Annaly Capital Management Inc. has managed to stand out from other similar companies and has proved to be a reliable source of income for its investors.
Market Price
This news came amid a positive week for the company as its stock opened at $19.9 on Friday, and closed at $20.0, up by 0.4% from the last closing price of 19.9. The dividend is part of Annaly Capital‘s commitment to delivering attractive returns to its shareholders and delivering value to its portfolio holders. Annaly Capital is one of the largest mortgage REITs in the U.S., with a diversified portfolio of mortgage-backed securities and other investments. This dividend announcement is yet another example of Annaly Capital’s commitment to providing attractive returns to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NLY. More…
| Total Revenues | Net Income | Net Margin |
| -942.98 | -1.26k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NLY. More…
| Operations | Investing | Financing |
| 5.37k | -14.53k | 9.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NLY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 86.83k | 74.92k | 20.77 |
Key Ratios Snapshot
Some of the financial key ratios for NLY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NLY Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of ANNALY CAPITAL MANAGEMENT’s financials and have determined that the fair value of their stock is around $18.6. This assessment was calculated using our proprietary Valuation Line which takes into account a number of factors, such as the company’s financials, debt structure, and market trends. Currently, ANNALY CAPITAL MANAGEMENT is trading at $20.0, which we see as a fair price, although it is slightly overvalued by 7.3%. More…
Peers
Annaly’s primary business objective is to generate net income for distribution to its shareholders from its portfolio of mortgage assets. Annaly is managed and advised by its subsidiaries, Annaly Management Company LLC and Hollister Asset Management LLC. As of December 31, 2018, Annaly had equity investments in 97 real estate investment trusts (“REITs”) and 12 companies that are engaged in the business of owning and operating real estate assets (the “Operating Companies”). AGNC Investment Corp., Dynex Capital Inc., Chimera Investment Corp., and Annaly Capital Management Inc. are all companies that invest in mortgage assets in the United States. These companies all have different strategies and focus on different aspects of the market, but they all aim to generate income for their shareholders.
– AGNC Investment Corp ($NASDAQ:AGNC)
AGNC Investment Corp is a real estate investment trust that invests primarily in residential mortgage-backed securities. The company has a market cap of 4.37B as of 2022.
– Dynex Capital Inc ($NYSE:DX)
Dynex Capital Inc is a mortgage real estate investment trust that invests in and manages a portfolio of mortgage-backed securities. As of December 31, 2020, the company’s investment portfolio totaled $9.6 billion. The company has a market cap of $511.5 million as of March 2021. Dynex Capital Inc is headquartered in New York, New York.
– Chimera Investment Corp ($NYSE:CIM)
Chimera Investment Corporation is a real estate investment trust that focuses on investing in and managing a portfolio of residential mortgage assets, including agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, and other mortgage-related investments. As of December 31, 2020, the company owned and managed a portfolio of approximately $32.6 billion in residential mortgage assets.
Summary
ANNALY Capital Management is a reliable dividend stock for investors looking for consistent income. Annaly has an impressive track record of dividend payments over the past three year with yields of 14.12%, 13.68% and 9.94%, respectively. The average dividend yield comes in at 12.58%, providing a solid return on investment that can supplement other income streams.
Investors should be aware that the dividend yields are subject to change and that investment in this stock carries inherent risk. Annaly is an important stock to consider when constructing a well diversified portfolio.
