The new dividend rate represents a 14% yield based on the stock's closing price of $21.41 as of Wednesday. Management attributed the hike to the robust performance of its diversified housing finance holdings, signaling a commitment to sustained shareholder value. Shareholders on record as of June 30 are eligible for the distribution, which is scheduled for payment on July 31.
In section Market Quotes
Annaly Capital Management Lifts Dividend Payout to 75 Cents
Investors in Annaly Capital Management will see a 7.1% increase in their quarterly cash dividend, rising to 75 cents per share from the previous 70 cents. This adjustment brings the annualized payout to $3, reflecting the firm’s latest assessment of its housing finance portfolio and capital return strategy.
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