Annaly Capital Management Stock To Go Ex-dividend Tomorrow (NLY)

NEW YORK ( TheStreet) -- The ex-dividend date for Annaly Capital Management (NYSE: NLY) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $16.37 as of 9:30 a.m. ET, the dividend yield is 13.5%.

The average volume for Annaly Capital Management has been 11.9 million shares per day over the past 30 days. Annaly Capital Management has a market cap of $15.95 billion and is part of the financial sector and real estate industry. Shares are up 2.1% year to date as of the close of trading on Monday.

Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. The company has a P/E ratio of 44, above the average real estate industry P/E ratio of 8.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Annaly Capital Management as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Annaly Capital Management Ratings Report.

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