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.