NLY Stock Recent News

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Announces 3rd Quarter 2025 Common Stock Dividend of $0.70 per Share.

NLY-J offers an attractive 8.9% nominal yield, backed by Annaly's strong dividend coverage and a decent capital structure for preferred shareholders. Annaly Capital Management outperforms the mREIT sector, with a robust balance sheet and ample common equity dividend cushion for preferred distributions. NLY-J's risk premium is notably lower than recent sector senior debt, making it a standout choice among new fixed-income issues despite sub-IG credit quality.

Does robust liquidity and a strong outlook provide an edge to NLY over ABR? Let us find out which mREIT is more compelling.

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NLY-J preferred shares offer an attractive yield and about five years of call protection. Relative to other fixed-rate preferreds, NLY-J stands out for yield and safety, but some alternatives shown here offer more upside in a rate-cut scenario. If the Fed cuts rates without a recession, NLY-J could break $26. There's even a chance that it happens just with dividend accrual, though I wouldn't have expected that.

Annaly Capital delivered a solid, as-expected quarter with minor outperformance in book value and core earnings versus projections. Risk/performance rating remains at 3.5; NLY is well positioned to maintain its $0.70 dividend, with only slight coverage concerns to monitor. NLY's hedging coverage ratio decreased to 95%, reflecting a slightly less defensive but still prudent risk management stance.

Mortgage rates are at their lowest level of 2025, boosting affordability, and spotlighting dividend-paying mREITs like NLY, ORC, and ARI.

Key Points in This Article: Berkshire Hathaway's 13F filing shows new stakes in homebuilders, signaling Buffett's confidence in the market.

Annaly Capital Management's new fixed-rate preferred offers high yield and 5 years of call protection, appealing to income-focused investors. Issuing preferreds is a cost-effective equity strategy for NLY, as the company pays less on preferreds than on common shares. NLY.PR.J's fixed-rate structure provides interest-rate diversification versus the company's other floating-rate preferreds but exposes holders to duration risk if rates rise.

Does NLY's high dividend yield, diversified mortgage portfolio and rising net interest income keep it attractive despite valuation concerns? Let us find out.