Annaly Capital Management Series I Preferred Shares Cross 7.5% Yield Threshold

In Friday’s trading, Annaly Capital Management Inc. 6.750% Series I Fixed-to-Floating Rate Callable Preferred Shares (Symbol: NLY.PRI) were trading above the 7.5% mark on the basis of its quarterly dividend (annualized at $1.6875), with shares changing hands as low as $22.45 on the day. That compares to an average return of 7.84% in the REIT preferred stock category, according to Preferred Stock Channel. As of last close, NLY.PRI was trading at a discount of 9.28% to its liquidation preferred amount, compared to an average discount of 32.37% in the “REIT” category.

The chart below shows the one-year performance of NLY.PRI shares, compared to NLY:


Below is a historical dividend chart for NLY.PRI, showing historical dividend payments on the 6.750% Cumulative Redeemable Preferred Shares Series I of Annaly Capital Management Inc.

NLY.PRI+Dividend+Historical+Chart


On Friday, Annaly Capital Management Inc. 6.750% Cumulative Fixed-to-Floating Rate Series I Redeemable Preferred Shares (ticker: NLY.PRI) are currently up about 0.1% on the day, while common stock (symbol: NLY) is trading. apartment.

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