The real estate investment trust said this week it will pay its shareholders a quarterly dividend of 65 cents a share, up from its prior payout of 62 cents.
That represents a 4.8% increase, and brings Annaly Capital's dividend yield to around 14.1%.
Annaly Capital shares rose 0.3% in premarket trading Wednesday. On May 5 , Annaly Capital said it doubled its quarterly earnings year over year. The REIT booked net income of $699.9 million, or 92 cents a share, up from $281.1 million, or 50 cents a share, in the year-earlier period. Adjusted for one-time items, Annaly's profit came to $530.6 million, or 70 cents a share, topping expectations for earnings of 59 cents.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV