Annaly Capital Management (NLY) Declares $0.65 Dividend

Annaly Capital Management said on March 14, 2023 that its board of directors declared a regular quarterly dividend of $0.65 per share ($2.60 annualized). Previously, the company paid $0.88 per share.

Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend. Shareholders of record as of March 31, 2023 will receive the payment on April 28, 2023.

At the current share price of $18.68 / share, the stock's dividend yield is 13.92%. Looking back five years and taking a sample every week, the average dividend yield has been 12.35%, the lowest has been 9.32%, and the highest has been 23.53%. The standard deviation of yields is 2.53 (n=237).

The current dividend yield is 0.62 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 1.01. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is -0.12%.

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Analyst Price Forecast Suggests 25.44% Upside

As of March 15, 2023, the average one-year price target for Annaly Capital Management is $23.43. The forecasts range from a low of $22.22 to a high of $25.72. The average price target represents an increase of 25.44% from its latest reported closing price of $18.68.

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The projected annual revenue for Annaly Capital Management is $3,394MM, an increase of 69.69%. The projected annual non-GAAP EPS is $3.52.

What is the Fund Sentiment?

There are 923 funds or institutions reporting positions in Annaly Capital Management. This is an increase of 555 owner(s) or 150.82% in the last quarter. Average portfolio weight of all funds dedicated to NLY is 0.23%, a decrease of 32.63%. Total shares owned by institutions increased in the last three months by 118.63% to 272,103K shares. The put/call ratio of NLY is 0.88, indicating a bullish outlook.

What are Large Shareholders Doing?

Allspring Global Investments Holdings holds 14,487K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 14,438K shares, representing an increase of 0.34%. The firm decreased its portfolio allocation in NLY by 49.40% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 14,448K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 12,663K shares, representing an increase of 12.36%. The firm increased its portfolio allocation in NLY by 22.34% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,184K shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 12,906K shares, representing an increase of 9.01%. The firm increased its portfolio allocation in NLY by 24.68% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 10,879K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 9,963K shares, representing an increase of 8.42%. The firm increased its portfolio allocation in NLY by 23.20% over the last quarter.

Marshall Wace, Llp holds 8,377K shares representing 1.70% ownership of the company. In it's prior filing, the firm reported owning 9,353K shares, representing a decrease of 11.65%. The firm decreased its portfolio allocation in NLY by 19.11% over the last quarter.

Annaly Capital Management Background Information
(This description is provided by the company.)

Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.

This story originally appeared on Fintel.