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

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Shutterstock photo

Shutterstock photo

In trading on Thursday, 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 $25.40 on the day. This compares to an average yield of 6.98% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, NLY.PRC was trading at a 2.20% premium to its liquidation preference amount, versus the average premium of 2.70% 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 Thursday trading, Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock (Symbol: NLY.PRC) is currently down about 0.2% on the day, while the common shares (Symbol: NLY) are up about 0.1%.

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


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

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