Is Walmart Stock a Buy, Sell, or Fairly Valued After Earnings? This week, the 30-year fixed-rate mortgage jumped again, to 6.83% -- according to Bankrate, its highest level since 2007. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Don't Fall for These 2 Dividend Stocks: Cuts Are Coming, Here's the Next AI Stock Most Likely to Join the $1 Trillion Club (Besides Nvidia), This Bull Market Indicator Hasn't Been Wrong in 67 Years, and It Has a Clear Message for Where Stocks Head Next, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Annaly Capital Management, Inc. 1-for-4 Reverse Stock Split. Thus, the reverse split allows such investors to own the stock. Unlike other REITs, which own properties and collect rents, mortgage REITs use borrowed money to buy investment securities related to real estate and collect interest.The biggest part of Annaly's investment portfolio goes to agency MBSs that are guaranteed by the U.S. government. Annaly Capital Management (NYSE:NLY) declares $0.88/share quarterly dividend, board unanimously approves a 1-for-4 reverse stock split.The quarterly dividend of $0.88 maintains NLY's prior . Please review the Corporate Governance section of our website for further information on this topic. Computershare Shareowner Services LLC. In order to receive new shares of the Companys common stock, cash payments in lieu of fractional shares, and any future dividends or distributions the Company may declare with a record date after the Effective Time of the reverse stock split, stockholders must return these certificated shares of common stock or a lost securities affidavit. Companies often do reverse splits because they need their share price to be higher than what it is to remain exchange traded, which wasn't the case here. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Residential Credit Group invests in non-Agency residential whole loans and securitized products in the residential markets, while the Annaly Middle Market Lending Group offers financing to private equity-backed middle-market businesses, focused primarily on senior debt within select industries. Year. *Average returns of all recommendations since inception. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Here's the Next AI Stock Most Likely to Join the $1 Trillion Club (Besides Nvidia), This Bull Market Indicator Hasn't Been Wrong in 67 Years, and It Has a Clear Message for Where Stocks Head Next, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. On Monday, Annaly enacted a 1-for-4 reverse stock split, which led to a 9% decline in the stock. Annaly is a leading diversified capital manager with investment strategies across mortgage finance. For the second quarter of 2023, the dividend is calculated usinga reset rate that consists of a base rate of 3-month LIBOR as of 11:00AM (London time) on March 30, 2023 (the Dividend Determination Date) plus a spread of 4.172%, to be paid on June 30, 2023 for the period from March 31, 2023 through June 29, 2023. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. Beta is a measure of a share's volatility in relation to the market. Please contact a financial advisor or your broker to obtain information on a 1099 form. Provide specific products and services to you, such as portfolio management or data aggregation. To make the world smarter, happier, and richer. Please disable your ad-blocker and refresh. *Average returns of all recommendations since inception. Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal. How do I get a copy of the Annual Report? Rising mortgage rates and a dividend payout lowered the stock price. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today that its Board of Directors declared the third quarter common stock dividend and has unanimously. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, should, estimate, project, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today an update on its portfolio and risk position, . $9.838B. Q4 2022 Annaly Capital Management Inc Earnings Release - Actual: $0.89; 12/29/22 Annaly Capital Management Inc Dividend for NLY - $0.88; 10/26/22 Q3 2022 Annaly Capital Management Inc Earnings Release - Actual: $1.06; 09/29/22 Annaly Capital Management Inc Dividend for NLY - $0.88; 09/26/22 Annaly Capital Management Inc Stock Split - 1:4; 07/27/22 As the Fed's tightening starts to weaken the labor market, and as student loan repayments resume, we should see a return to normal levels of in delinquencies, which are at their lowest rate in 17 years. This was a 1 for 4 reverse split, meaning for each 4 shares of NLY owned pre-split, the shareholder now owned 1 share. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions (and our outlook for our business in light of these conditions, which is uncertain); changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities, and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act. The reverse stock split becameeffective following the close of business on NRZ Split History And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. The Motley Fool has no position in any of the stocks mentioned. On September 8, 2022, Annaly Capital Management, Inc. (the "Company" or "Annaly") announced that its Board of Directors (the "Board") unanimously approved a reverse stock split of the Company's common stock at a ratio of 1-for-4. Stockholders of record will be receiving information from Computershare Trust Company, N.A., the Companys transfer agent (Computershare), regarding their stock ownership following the reverse stock split and, if applicable, payments of cash in lieu of fractional shares. NRF Split History One analyst lowered his view of Annaly stock. As such, Earnings Available for Distribution is defined as the sum of (a) economic net interest income, (b) TBA dollar roll income and CMBX coupon income, (c) realized amortization of MSR, (d) other income (loss) (excluding depreciation expense related to commercial real estate and amortization of intangibles, non-EAD income allocated to equity method investments and other non-EAD components of other income (loss)), (e) general and administrative expenses (excluding transaction expenses and non-recurring items) and (f) income taxes (excluding the income tax effect of non-EAD income (loss) items) and excludes (g) the premium amortization adjustment ("PAA") representing the cumulative impact on prior periods, but not the current period, of quarter-over-quarter changes in estimated long-term prepayment speeds related to the Companys Agency mortgage-backed securities. Please review the Leadership section of our website for further information on this topic. In addition, Core Earnings (excluding PAA) results from prior reporting periods have been relabeled Earnings Available for Distribution. As a result of the reverse stock split, the number of outstanding shares of Annalys common stock will be reduced from approximately 1.8 billion to approximately 445 million. Annaly was added to the S&P MidCap 400 Index on September 19, 2022, representing the only mortgage REIT in the index Financing and Capital $6.1 billion of unencumbered assets(4), including cash. The second strategy for Annaly is residential credit, and this involves mortgage loans that are not backed by the U.S. government. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. The past 15 months have been particularly tough for the mortgage real estate investment trust (REIT) industry. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today that its Board of Directors declared the third quarter common stock dividend and has unanimously approved a reverse stock split of the Company's common stock at a ratio of 1-for-4. Prospectuses for the Annaly Series preferred shares are available on the sec.gov website. According to the Sept. 8 press release, "the Company believes the reverse stock split will make the common stock more attractive to a broader range of investors" Reading between the lines, there are certain institutional investors, like pension funds, that have minimum price guidelines that prohibit them from owning stocks that trade below certain dollar levels. Annaly Capital Management, Inc. is a mortgage real estate investment trust that primarily owns, manages and finances a portfolio of real-estate-related investment securities. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Investors seemed to dislike a reverse stock split from Annaly. Announces 1st Quarter 2023 Common Stock Dividend of $0.65 per Share. This dividend is payable July 31, 2023, to common shareholders of record on June 30, 2023. A popular way to gauge a stock's volatility is its "beta". This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, should, estimate, project, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In line with evolving industry practices, the Company believes the term Earnings Available for Distribution more accurately reflects the principal purpose of the measure than the term Core Earnings (excluding PAA) and will serve as a useful indicator for investors in evaluating the Companys performance and its ability to pay dividends. NEW YORK, June 07, 2023--The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per . Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow our residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; and risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions. 3rd Quarter Common Stock Dividend Delayed Nyse NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today that its Board of Directors declared the third quarter common stock dividend and has unanimously approved a reverse stock split of the Company's common stock at a ratio of 1-for-4.. 3rd Quarter Common Stock Dividend. Often that level is set at $10, which is higher than Annaly's presplit price. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. One NLY share bought prior to September 26th, 2022 would equal to 0.25 NLY shares today. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The company's investment may also comprise, other securities indicating interests in or obligations backed by pools of mortgage loans, residential mortgage loans, MSR and corporate debt. I think investors who are interested in Annaly should wait until the Fed signals it is done hiking rates, and once the uncertainty about monetary policy is removed, MBS spreads should narrow. A dividend payment on Thursday also weighed on the stock, as share prices on high-yielding stocks tend to fall on the ex-dividend date. See SEC Filings section of our website for details. The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per common share. Below, we examine the compound annual growth rate CAGR for short of an investment into Annaly Capital Management shares, starting with a $10,000 purchase of NLY, presented on a split-history-adjusted basis factoring in the complete Annaly Capital Management stock split history. All of our SEC filings, including our Annual Report, or Form 10-K, can be found on the Annaly website at the 'SEC filings'and are available for printing. The Companys common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on September 26, 2022, under a new CUSIP number: 035710839. Furthermore, the Company believes the reverse stock split will make the common stock more attractive to a broader range of investors, which has the potential to reduce share price volatility over time. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Annaly Capital Management, Inc. Learn More. In a reverse split, you just end up with fewer shares. According to data from S&P Global Market Intelligence, the stock finished the week down 25.5%, trending with the broader sell-off in the market after last week's fed funds rate hike. Please note that this information should not be relied upon as tax advice, Please contact your tax advisor for additional information. Shares of the mortgage real estate investment trust (REIT) Annaly Capital Management ( NLY 0.40%) dropped as much as 10% on Sept. 26. The Companys common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on September 26, 2022, under a new CUSIP number: 035710839. Does Annaly have a Dividend Reinvestment Plan (DRIP)? We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The Motley Fool has a disclosure policy. Where can I find more information about the reverse stock split? So it is not at all shocking that investors took a glass-half-empty view of the reverse stock split now that it has occurred. This drove down Annaly's book value and caused the company to cut its dividend. To make the world smarter, happier, and richer. Terms of Service apply. This dividend is payable July 31, 2023, to common shareholders of record on June 30, 2023. Per the Series F prospectus, as of September 30, 2022, the Series F preferred stock dividend is calculated using a floating rate. For example, a 1000 share position pre-split, became a 250 share . Mortgage-backed securities (MBS), pools of mortgages that when combined look and perform much like a bond, were put under pressure as the Fed raised rates. Announces 2nd Quarter 2023 Common Stock Dividend of $0.65 per Share. The Annaly Agency Group makes investments in Agency MBS, collateralized by residential mortgages. Today is the first day of trading following the split. Although the change only represents a relabeling of the Companys headline non-GAAP metric, it is important to note differences between the calculation of GAAP Net Income, Earnings Available for Distribution and REIT Taxable Income (upon which the minimum dividend required to distribute to shareholders is determined). Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Cost basis and return based on previous market day close. Stockholders with book-entry shares or who hold their shares through a bank, broker, or other nominee will not need to take any action. Rising mortgage rates tend to be bad for mortgage REITs like Annaly, which invests in mortgage-backed securities and other mortgage-related assets. 1-888-8Annaly Any fractional shares after the 1:4 split will be paid in cash. This drove the decline in book value per share from $31.88 at the end of 2021 to $20.77 at the end of March 2023. These securities have no credit risk, which means that even if the borrower doesn't pay the mortgage, the U.S. government ensures that Annaly still gets the principal and interest it is owed. Announces 3rd Quarter 2022 Common Stock Dividend and Reverse Stock Split. Meanwhile, the Dow . Verify your identity, personalize the content you receive, or create and administer your account. Invest better with The Motley Fool. This dividend is payable October 31, 2022, to common stockholders of record on September 30, 2022 (based on the number of shares of common stock held by each stockholder on such date after giving effect to the reverse stock split). Get SEC Filing Alerts. If you have 100 shares of NLY, on September 26th you will have 25 shares. Instead, each stockholder that would hold fractional shares as a result of the reverse stock split will be entitled to receive, in lieu of such fractional shares, cash in an amount based on the closing price of the Company's common stock on the New York Stock Exchange on September 23, 2022. Provided by Business Wire Mar 14, 2023 8:15 PM UTC. See Annaly Capital Management, Inc. (NLY) history of stock splits. The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per common share. The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per common share . If you have any further questions on the program please contact Computershare. Making the world smarter, happier, and richer. Investor Relations To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. MBS spreads do seem mean-reverting, which means the current pain in the MBS market probably won't last. How can I get the current Annaly stock price? The Motley Fool has no position in any of the stocks mentioned. NSM Split History Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The ex-dividend date is September 29, 2022. Please see the "Historical Prices" tab for adjusted price values. Stockholders with certificated shares of common stock will receive a letter of transmittal from Computershare with instructions on how to surrender certificates representing pre-reverse stock split shares, which will become book-entry shares post-reverse stock split. No fractional shares will be issued in connection with the reverse stock split. This dividend is payable July 31, 2023, to common shareholders of record on June 30, 2023. The reverse stock split will take place after close of business on September 23rd. Reverse stock splits are generally seen as an attempt to shore up a flagging share price. The big news here hails all the way back to Sept. 8, when the . We sell different types of products and services to both investment professionals and individual investors. 800-301-5234 Annaly Capital Management, Inc. is a mortgage real estate investment trust that primarily owns, manages and finances a portfolio of real-estate-related investment securities. Please check your download folder. The $5 and $10 pricepoints tend to be important in this regard. Copyright 2023 Morningstar, Inc. All rights reserved. Time to Buy? Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Is this happening to you frequently? Stockholders with book-entry shares or who hold their shares through a bank, broker, or other nominee will not need to take any action. Yes, Annaly is a leading diversified capital manager listed on the New York Stock Exchange under the ticker NLY. The ex-dividend date is June 29 . If you have an ad-blocker enabled you may be blocked from proceeding. Please contact your broker, financial advisor, or Computershare Shareowner Services. | May 21, 2023 NTRS Split History, Also explore: NLY shares outstanding history, Free NLY Email Alerts: The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per common share . 5 Charts About the Super Concentrated Stock Market. Annaly Capital Management Inc. (NYSE: NLY) is a New York-based mortgage REIT that invests in mortgage-backed securities in order to loan money on residential properties backed by Fannie Mae,. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The second major theme is mortgage delinquencies, which are less important than MBS spreads. The 31% price gain has put the broader market tracking SPDR S&P ETF ( SPY) and the Vanguard Real. You're reading a free article with opinions that may . For the most part, a reverse stock split is no more meaningful than a normal stock split. All rights reserved. Annaly Capital Management has an annual dividend of $2.60 per share, with a forward yield of 13.00%. Investors generally frown on reverse splits. Fed Meeting Preview: Will Powell Unveil a Rate-Hike Pause or a Skip? Shares ofAnnaly Capital Management(NLY 0.40%) were among the losers this week as rising mortgage rates threatened to squeeze the mortgage REIT, and one analyst expressed caution on the stock. How we use your information depends on the product and service that you use and your relationship with us. Cost basis and return based on previous market day close. Once the Fed is out of the way, the environment gets better for the stock. The company also executed a reverse stock split at the beginning of the week. The Board of Directors of the Company declared the . The ex-dividend date is June 29, 2023. The board also declared its Q3 2022 common stock cash dividend of $0.88 per share, maintaining its $0.22 per share dividend before the reverse stock split. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, should, estimate, project, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. Privacy Policy and Please. 1-888-8Annaly For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") declared the second quarter 2023 common stock cash dividend of $0.65 per common share. View source version on businesswire.com: https://www.businesswire.com/news/home/20230607005730/en/. Annaly Capital Management Inc. Watch list After Hours Last Updated: Jun 7, 2023 7:55 p.m. EDT Delayed quote $ 19.89 0.09 0.45% After Hours Volume: 53.93K Advanced Charting Volume: 5.03M 65 Day. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The chart below shows the difference between the 30-year mortgage and the 10-year Treasury, now the widest since the late 1980s. Cost basis and return based on previous market day close. The Company is implementing the reverse stock split with the objective of reducing Annalys number of shares of common stock outstanding to more closely align with the number of common shares outstanding for companies of a similar market capitalization. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 2022 Annaly files quarterly reports with the SEC. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The reverse stock split will become effective before the market open on September 26, 2022. The ex-dividend date is June 29, 2023. Find the latest Annaly Capital Management, Inc. (NLY) stock quote, history, news and other vital information to help you with your stock trading and investing. Where can I find more information about the reverse stock split? The mortgage servicer administers the loan on behalf of the investor. Please refer to earnings releases for Annalys latest disclosed financial results. Does Annaly pay a dividend and where can I find dividend information? Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. For the second quarter of 2023, the dividend is calculated using a reset rate that consists of a base rate of 3-month LIBOR as of 11:00AM (London time) on March 30, 2023 (the Dividend Determination Date) plus a spread of 4.993%, to be paid on June 30, 2023 for the period from March 31, 2023 through June 29, 2023. Elsewhere, the Dow . Why Is Annaly Capital's Dividend Yield So High? All contact information for Annaly can be found on the Annaly website at the 'Contact Us'. You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 7.8%. $10B. Zacks' proprietary data indicates that Annaly Capital Management Inc is currently rated as a Zacks Rank 3 and we are expecting an inline return from the NLY shares relative to the market in. NEW YORK--(BUSINESS WIRE)-- The 3-month LIBOR rate retrieved via Bloomberg as of 11:00AM (London time) on March 30, 2023 was 5.15914%; therefore, the reset rate is equal to 5.15914% plus 4.172% or 9.33114% per annum. Please review the Tax Information section of our website for further information on this topic. We do not preannounce our dividends or dividend dates and past results are not indicative of future performance. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, should, estimate, project, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. 035710870; Series G - 035710862; Series I -035710847. Please note that all future dividend declarations will be made at the discretion of our Board and will depend on our earnings, our financial condition, maintenance of our REIT status and such other factors that the Board may deem relevant from time to time. Over the last 12 months, Annaly Capital Management's shares have ranged in value from as little as $14.0128 up to $24.7548. Announces 2nd Quarter 2023 Common Stock Dividend of $0 Annaly Capital Management, Inc. Declares Common Stock Cash Dividend for the Second Quar.. View source version on businesswire.com: https://www.businesswire.com/news/home/20220908005895/en/, Annaly Capital Management, Inc. Are Annaly dividends classified as qualified dividends for tax purposes or ordinary income? Per SEC regulation, quarterly reports are published four times per year. The Motley Fool has a disclosure policy. Computershare Shareowner Services LLC. 3 Ultra-High-Yield Dividend Stocks Billionaires Can't Stop Buying, If You Invested $1,000 in Annaly Capital a Decade Ago, This Is How Much You Would Have Today. volatility (beta: 1.00) Low High. Increasing mortgage delinquencies hurt mortgage servicing rights and the values of nonguaranteed mortgage products. Reverse Stock Split FAQs . How do I contact Annalys transfer agent? Management said it was doing the reverse split to make its share count more closely aligned to companies with a similar market cap, and it also believed the move would make the stock more attractive to a broader range of investors. The Outlook Is Improving for This Ultra-High-Yield Dividend Stock. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Brent Nyitray, CFA has no position in any of the stocks mentioned. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Gear advertisements and other marketing efforts towards your interests. -- Annaly Capital Management said late Thursday its board has approved a 1-for-4 reverse stock split, expected to become effective upon market close on Sept. 23. Please email investor@annaly.com or call 1-888-8-ANNALY. As a result of the reverse stock split, each NLY Common Share will be converted into the right to receive 0.25 (New) Annaly Capital Management, Inc. Common Shares. Annaly Capital Management, Inc. (NLY) has announced a 1-for-4 reverse stock split. Earnings release dates are made public via a press release. Unlike Silicon Valley Bank, Annaly does hedge its interest rate risk, but the gains from the hedges have been insufficient to make up for the losses on the MBS portfolio. The Board of Directors of the Company declared the third quarter 2022 common stock cash dividend of $0.88 per share of the Companys common stock (maintaining the Companys dividend of $0.22 per share before the reverse stock split, adjusted for the 1-for-4 reverse stock split). However, there was another roughly similar reason here. To make the world smarter, happier, and richer. Instead, each stockholder that would hold fractional shares as a result of the reverse stock split will be entitled to receive, in lieu of such fractional shares, cash in an amount based on the closing price of the Company's common stock on the New York Stock Exchange on September 23, 2022. Making the world smarter, happier, and richer. The Outlook Is Improving for This Ultra-High-Yield Dividend Stock. NSEC Split History This dividend is . The Board has declared a Series G preferred stock cash dividend of $0.589676. Annaly Capital Management, Inc. (NYSE: NLY) (the Company or Annaly) announced today that its Board of Directors declared the third quarter common stock dividend and has unanimously approved a reverse stock split of the Companys common stock at a ratio of 1-for-4. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group. The Motley Fool has no position in any of the stocks mentioned. Is it a buy? (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the Annaly Capital Management stock split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today that its Board of Directors declared the third quarter common stock dividend and has unanimously approved a reverse stock split of the Company's common stock at a ratio of 1-for-4. Its investment portfolio includes mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer. Shares of Annaly Capital Management . Stockholders should not send in their pre-reverse stock split certificates until they receive a letter of transmittal (which will also include a lost securities affidavit with respect to any certificate that cannot be located) from Computershare. Announces 2nd Quarter 2023 Common Stock Dividend of $0.65 per Share, https://www.businesswire.com/news/home/20230607005730/en/. They were further damaged by Silicon Valley Bank's failure, caused in part by losses on MBSs. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. investor@annaly.com, Navigate to the << Back to The stock split occured on September 26th, 2022. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Rising rates also cool off the real estate market, which is the main driver of Annaly's business. The servicer is paid 0.25% of the principal amount outstanding of the loan as compensation. The underperformance has been largely due to the Fed's increase in interest rates, although it appears that the Fed is close to wrapping that up. NTG Split History Investor Relations Why Is Annaly Capital's Dividend Yield So High? Then Annaly will be a buy. Get Dividend Alerts Stockholders with certificated shares of common stock will receive a letter of transmittal from Computershare with instructions on how to surrender certificates representing pre-reverse stock split shares, which will become book-entry shares post-reverse stock split. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. The 3-month LIBOR rate retrieved via Bloomberg as of 11:00AM (London time) on March 30, 2023 was 5.15914%; therefore, the reset rate is equal to 5.15914% plus 4.993% or 10.15214% per annum. Piper Sandler Upgrades Annaly Capital Management to Overweight From Neutral, Adjusts Pr.. RBC Cuts Price Target on Annaly Capital Management to $22 From $24, Maintains Outperfor.. UBS Adjusts Annaly Capital Management Price Target to $21 From $22, Maintains Neutral R.. Chief Executive & Investment Officer, Director. Investor Relations The shares are expected to start. June 07, 2023 at 16:15 PM EDT. The Board has declared a Series F preferred stock cash dividend of $0.634509. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. The Outlook Is Improving for This Ultra-High-Yield Dividend Stock. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Annaly Capital Management Inc. ( NYSE: NLY) has had quite the run in the last three months. Additional information on the company can be found at www.annaly.com. A detailed overview of how the components of Earnings Available for Distribution compare to the components of both GAAP Net Income and REIT Taxable Income can be found here. On September 26, Annaly Capital Management initiated a 1-for-4 reverse stock split to boost its price, which had fallen below $6, but the price is still down about 5% since then. This dividend is payable July 31, 2023, to common shareholders of record on June 30, 2023. Prices shown are actual historical values and are not adjusted for either splits or dividends. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. Annaly Capital Management Keeps Q2 Cash Dividend at $0.65/Share, Payable July 31 Shareh.. Annaly Capital Management, Inc. Is Cisco Stock a Buy, Sell, or Fairly Valued After Earnings? Computershare Shareowner Services LLC. $2.779B. Last year, MBSs underperformed Treasuries by a lot. That said, as we saw with Silicon Valley Bank, these securities can still fall in value if the interest rate risk isn't hedged. 800-301-5234. www.computershare.com. The market's reaction is not at all surprising. 800-301-5234. These products and services are usually sold through license agreements or subscriptions. If you recently bought a house with a mortgage guaranteed by Fannie Mae or Freddie Mac, chances are it ended up in a MBS, which could be held by a mortgage REIT like Annaly. The reverse stock split will apply to all of the Companys outstanding shares of common stock and therefore will not affect any stockholders ownership percentage of shares of the Companys common stock, except for de minimis changes resulting from the payment of cash in lieu of fractional shares. Annaly is a leading diversified capital manager with investment strategies across mortgage finance. The reverse stock split is expected to take effect following the close of business on September 23, 2022 (the Effective Time). The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) (Annaly or the Company) declared the second quarter 2023 common stock cash dividend of $0.65 per common share. The big news here hails all the way back to Sept. 8, when the company announced a reverse stock split. Stock split history for Annaly Capital Management (NLY) Annaly Capital Management stock (symbol: NLY) underwent a total of 1 stock split. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In the latest trading session, Annaly Capital Management (NLY) closed at $19.92, marking a +0.61% move from the previous day. No fractional shares will be issued in connection with the reverse stock split. Annaly now has a dividend yield of 13%, which is attractive compared to most other income stocks. www.computershare.com. . Annaly recently cut its dividend, so another cut is probably not in the cards unless things get materially worse. Price as of June 9, 2023, 4:00 p.m. Sep 8, 2022 4:15pm EDT NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today that its Board of Directors declared the third. What is Annalys CUSIP number and ISIN number? Annaly Capital Management (NLY) closed at $19.61 in the latest trading session, marking a +0.93% move from the prior day. Wed like to share more about how we work and what drives our day-to-day business. Please review the DRIP Information section of our website for further information on this topic. Furthermore, the Company believes the reverse stock split will make the common stock more attractive to a broader range of investors, which has the potential to reduce share price volatility over time. Since the rate hike, which came with hawkish commentary from Fed Chair Jerome Powell, investors seem to believe the risk of a recession has grown, as well as the likelihood of a sustained high-interest-rate environment. The higher the number, the worse MBS are performing relative to Treasuries. The reverse stock split took effect following the close of business on September 23, 2022, and the Companys common stock began trading on a post-reverse stock split basis on September 26, 2022. In both instances the number of shares a stockholder owns changes, but the actual percentage ownership of the company stays the same. Annaly does not pre-announce earnings release dates. Where can I find copies of Annalys SEC filings and financials reports? As previously announced on October 5, 2022, Annaly will . The right to perform this service is worth something, and it is capitalized on Annaly's balance sheet as an asset. In order to receive new shares of the Companys common stock, cash payments in lieu of fractional shares, and any future dividends or distributions the Company may declare with a record date after the Effective Time of the reverse stock split, stockholders must return these certificated shares of common stock or a lost securities affidavit. *Average returns of all recommendations since inception. Which is the first day of trading following the split to take effect following the close of business September! 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