Real estate investment trust Annaly Capital Management yesterday declared second-quarter dividends on three classes of its preferred shares payable on July 1 to stockholders of record on June 3.
For its 7.875% Series A cumulative redeemable preferred stock, which trades on the NYSE under the symbol NLY.A, Annaly will pay a dividend of $0.492188 per share. For its 7.625% Series C cumulative redeemable preferred stock, which trades on the NYSE under the symbol NLY.C, Annaly will pay a dividend of $0.476563 per share. And for its 7.50% Series D cumulative redeemable preferred stock, which trades on the NYSE under the symbol NLY.D, the REIT will pay a dividend of $0.46875 per share.
Based on the first-quarter dividend of $0.45 for each share of common stock, which was announced in March, the dividend for non-preferred shares annualizes to $1.80 per share. That yields 12% at Annaly Capital Management's most recent closing price on May 13.
The article Annaly Capital Declares Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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