Annaly Capital Management's Series C Preferred Stock Shares Cross 7.5% Yield Mark


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In trading on Friday, shares of Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock (Symbol: NLY.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $25.36 on the day. This compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, NLY.PRC was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 3.04% in the "Real Estate" category.

The chart below shows the one year performance of NLY.PRC shares, versus NLY:

Performance Comparison Chart

Below is a dividend history chart for NLY.PRC, showing historical dividend payments on Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock:

NLY.PRC+Dividend+History+Chart

In Friday trading, Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock (Symbol: NLY.PRC) is currently down about 0.3% on the day, while the common shares (Symbol: NLY) are up about 0.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: NLY.PRC , NLY


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