Annaly Capital (NLY) Does Not Boost Dividend In 3rd Quarter

For the first time in 5 years Annaly Capital did not increase its dividend during Q3 distributions. While each quarter represents a different distribution amount for the company this is the first time we have seen the 3rd distribution of the year match the 2nd.

Dividend Fundamentals

NLY announced today that the company will pay a quarterly dividend of $.55 per share on July 26th with an ex-dividend date of June 27th. This gives the REIT a dividend yield of 13.1% which right on par with its 5 year yield average. The company has a 5 year dividend growth rate of 35% and a 3 year dividend growth rate of 5%. Because the company is a REIT we are not concerned with its high payout ratio.

About Annaly Capital

NLY is down 8% in the last 12 months and has a market cap of 16.5B. The company operates as a REIT manages and invests in a portfolio of real estate investments. NLY and other REITs can be found on our high yield REIT list.