Annaly Capital Management, Inc. Announces 1st Quarter 2024 Common Stock Dividend of $0.65 per Share

Rhea-AI Summary

Annaly Capital Management, Inc. (NLY) declared a first quarter 2024 common stock cash dividend of $0.65 per share, payable on April 30, 2024. Shareholders of record on March 28, 2024, will receive the dividend.

Insights

Financial Analyst

The announcement of Annaly Capital Management's common stock cash dividend of $0.65 per share is a tangible reflection of the company's financial health and operational performance. Dividends are a key indicator of a firm's stability and investor confidence, as they represent a direct return on investment to shareholders. The declared dividend aligns with the company's historical payout patterns, suggesting a consistent return policy. However, investors should assess the dividend yield in relation to the current stock price to gauge the attractiveness of the investment. Additionally, it's pertinent to consider the payout ratio to evaluate whether the dividends are sustainable in the long term without compromising the company's growth prospects or financial stability.

Market Research Analyst

From a market perspective, Annaly Capital Management's dividend declaration can be perceived as a signal to the market regarding its financial robustness. In the real estate investment trust (REIT) sector, where Annaly operates, dividends are particularly significant due to the requirement to distribute a majority of taxable income to shareholders. The market's reaction to such announcements can vary; a consistent dividend may not cause significant stock price movement. However, it can reinforce market sentiment about the company's reliability as an income-generating stock. It's crucial for investors to monitor sector trends and compare Annaly's dividend performance with its peers to determine its competitive standing.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) declared the first quarter 2024 common stock cash dividend of $0.65 per common share. This dividend is payable April 30, 2024, to common shareholders of record on March 28, 2024. The ex-dividend date is March 27, 2024.

About Annaly

Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.

Forward-Looking Statements

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “should,” “estimate,” “project,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow our residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940; and operational risks or risk management failures by us or critical third parties, including cybersecurity incidents. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240314777742/en/

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc.

FAQ

What is the dividend amount declared by Annaly Capital Management, Inc. for the first quarter of 2024?

Annaly Capital Management, Inc. declared a first quarter 2024 common stock cash dividend of $0.65 per common share.

When is the dividend payable to shareholders?

The dividend declared by Annaly Capital Management, Inc. is payable on April 30, 2024.

Who are eligible to receive the dividend from Annaly Capital Management, Inc.?

Common shareholders of record on March 28, 2024, are eligible to receive the dividend declared by Annaly Capital Management, Inc.