ANNALY CAPITAL MANAGEMENT, INC. REPORTS 3rd QUARTER 2024 RESULTS NEW YORK—October 23, 2024—Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2024. Financial Highlights • GAAP net income of $0.05 per average common share for the quarter • Earnings available for distribution ("EAD") of $0.66 per average common share for the quarter • Economic return of 4.9% for the third quarter and 10.5% year-to-date through the t ...

Investors will want to consider the following before picking up this ultra-high yield dividend stock.Many income investors may be drawn to Annaly Capital Management (NLY -1.11%) because of its eye-popping dividend, which at the current share price yields more than 13%.Like many real estate investment trusts (REITs), Annaly Capital struggled due to rising interest rates in the past few years. However, the tides may be shifting: In September, the Federal Reserve cut its benchmark interest rate for the first t ...

Annaly Capital could end up a winner if rates keep falling, but dividend investors still shouldn't buy it. Here's what you need to know. Annaly Capital Management (NLY 1.00%) looks like a dividend stock but doesn't act like one. This is hugely important right now as investors assess the potential for additional interest-rate cuts by the Federal Reserve. Lower rates will probably be good for Annaly, but that's only important for investors who are looking for a total-return investment. If you're looking for d ...

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Annaly Capital has a huge 13% dividend yield, but don't buy it for the yield because the stock may end up letting you down in the long run. Annaly Capital (NLY 0.96%) is one of those stocks that looks like it is a great choice for a specific type of investor, but is really intended for investors with a different approach. In this case, the ultra high yield of 13% screams dividend stock. But in reality, this mortgage real estate investment trust (REIT) isn't a reliable dividend payer. Here's a deeper dive in ...

Dividend growth matters more than yield. Annaly Capital Management (NLY 0.71%) was one of the first real estate investment trusts (REITs) I ever purchased. The sole reason I bought shares was its alluring dividend yield. It was in the high single digits at the time. I remember thinking that the stock price doesn't have to rise very much in order to earn an attractive return. Unfortunately, the stock never gained any value in all my years of owning it. Instead, it steadily eroded as the mortgage REIT issued ...

You can get access to everything we have to offer right now. Try our service and decide for yourself. Annaly Capital Management, Inc. ( NLY ) is a mortgage REIT with a portfolio of primarily agency-backed securities. This strategy requires using a significant amount of debt and hedging against changes in interest rates. However, the agency mortgage-backed securities have excellent credit quality Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Annaly Capital looks appealing because of its huge dividend yield, but it isn't an income stock when you look more closely. Despite a gigantic 12.6% dividend yield, Annaly Capital Management (NLY 1.27%) shouldn't be looked at as an income stock. That should bring up the question, "How could a high-yield real estate investment trust (REIT), which is basically designed to pass income on to investors, not be an income stock?" There's a lot to understand before you consider buying this niche REIT. What does Ann ...

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