Annaly Capital Management increased its quarterly dividend by 7.1% to $0.75 per share, supported by strong net interest income and a 105% dividend coverage ratio. The company beat Q2 earnings expectations with $0.79 distributable earnings, driven by tightening mortgage-backed securities spreads and 79% year-over-year net interest income growth. Shares trade at a 14% premium to book value, making it attractive compared to peers for investors expecting medium-term rate cuts. Annaly remains a compelling high-yield, rate-sensitive investment with a growing book value.
Annaly Capital Management, a mortgage REIT, is expected to report Q2 earnings with a 2.7% increase in EPS to $0.75 and revenue of $639.8 million, driven by an 86.3% surge in net interest income. Despite a high 13% dividend yield, the company faces ri...
Mark Bern, CFA, highlights July's top five dividend picks—PepsiCo (PEP), CubeSmart (CUBE), Annaly Capital (NLY), Stepan (SCL), and Comcast (CMCSA)—which offer an average expected annual total return of 16.3% and a 6.0% dividend yield. All these stock...
