Annaly Capital keeps $0.70 dividend, boosted by rising interest spreads and strong earnings.

Annaly Capital Management maintains its quarterly dividend at $0.70 per share, supported by a growing net interest spread that reached 1.07%, driven by lower financing costs and stable asset yields. The company's shares trade at a 9% premium to book value, reflecting optimism about future rate cuts benefiting mortgage-backed securities investors. Despite inflation and geopolitical risks, Annaly's strong dividend coverage of 109% and its large agency MBS platform make it a top choice for high-yield investors.