In trading on Thursday, shares of Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock (NLY.PRC) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $22.30 on the day. This compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NLY.PRC was trading at a 10.12% discount to its liquidation preference amount, versus the average discount of 6.85% in the "Real Estate" category.The chart below shows the one year performance of NLY.PRC shares, versus NLY:
Annaly Capital Management's Series C Preferred Stock Shares Cross 8.5% Yield Mark
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