Annaly Capital Management (NLY) Lowers Quarterly Dividend 26.1% to $0.65; 13.7% Yield
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Annaly Capital Management, Inc. Announces 1st Quarter 2023 Common Stock Dividend of $0.65 per Share
March 14, 2023 4:15 PM EDTNEW YORK--(BUSINESS WIRE)-- The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) (Annaly or the Company) declared the first quarter 2023 common stock cash dividend of $0.65 per common share. This dividend is payable April 28, 2023, to common shareholders of record on March 31, 2023. The ex-dividend date is March 30, 2023.
As noted on our Fourth Quarter 2022 Earnings Call, Annaly has reduced the common dividend to a level in line with the Companys historical yield on book value, said David Finkelstein, Annalys Chief Executive Officer and Chief Investment Officer. We believe a quarterly dividend of $0.65, which represents an... More
