Annaly Capital - NLY STOCK NEWS

Annaly Capital Management reported its financial results for Q1 2023, highlighting a GAAP net loss of ($1.79) per share and earnings available for distribution of $0.81 per share. The company achieved an economic return of 3.0% and a book value per share of $20.77. GAAP leverage decreased to 5.9x, while economic leverage rose to 6.4x. Annaly declared a cash dividend of $0.65 per share, despite a significant decline in annualized GAAP return on equity, now at (28.8%). Total assets were reported at $85.5 billion, with notable advances in the Residential Credit Group. Although the company navigated market volatility effectively, it faced challenges, including an average GAAP cost of interest-bearing liabilities increasing to 4.52%. CEO David Finkelstein expressed confidence in Annaly's positioning to capitalize on future opportunities.

Annaly Capital Management (NYSE:NLY) has announced it will release its financial results for the quarter ending March 31, 2023, after market close on April 26, 2023. Following the results, a conference call will be held on April 27, 2023, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the call to receive a unique access PIN. For those who do not pre-register, they can still join the call by dialing in on the event day. A playback of the call will be available for a week after the event. Annaly focuses on generating net income for its shareholders through diversified capital management in mortgage finance, operating as a real estate investment trust (REIT).

Annaly Capital Management (NYSE: NLY) has appointed Martin Laguerre as an independent board member effective March 13, 2023. Laguerre, a Senior Advisor at Warburg Pincus, brings over 25 years of financial expertise, enhancing Annaly's strategic focus in the housing finance market. He previously held senior roles at CDPQ and CPP Investment Board, and now serves on the boards of BGC Partners and other financial entities. Laguerre aims to leverage his experience to drive shareholder value and strengthen Annaly's position in the residential mortgage sector.

The Board of Directors of Annaly Capital Management (NYSE: NLY) declared a common stock cash dividend of $0.65 per share for Q1 2023, payable on April 28, 2023. Shareholders of record by March 31, 2023 will receive this dividend, with the ex-dividend date set for March 30, 2023. CEO David Finkelstein stated that this dividend aligns with the company's historical yield on book value, providing a sustainable yield of approximately 12.5%. Estimated book value per share ranges between $20.60 and $20.80 as of March 13, 2023.

Annaly Capital Management (NYSE: NLY) announced the retirement of Wellington J. Denahan, co-founder and Vice Chair of the Board, effective after the 2023 Annual Meeting. Under her leadership, Annaly evolved from a pure agency mortgage REIT to a diversified housing finance leader, delivering over 700% total shareholder return since its IPO in 1997 and $24 billion in dividends. Denahan's tenure has been marked by innovation and entrepreneurship. CEO David Finkelstein credited her vision for the company's significant achievements, noting that her departure will mark the end of an era for Annaly.

Annaly Capital Management has declared cash dividends for its Series F, G, and I Preferred Stocks for Q1 2023. The Series F Preferred Stock will pay $0.607679 per share, resulting in a yield of 9.72%. The Series G Preferred Stock will pay $0.40625 per share, while the Series I Preferred Stock will pay $0.421875 per share. All dividends are payable on March 31, 2023, to shareholders of record as of March 1, 2023. Annaly is recognized for its diversified capital management strategies focused on generating net income to distribute to stockholders.