Annaly Capital Increases Dividend After Nine Consecutive Quarters of Earnings Coverage
Annaly Capital Management (NLY) increased its quarterly dividend to $0.75 per share, citing nine consecutive quarters where earnings available for distribution exceeded the payout. CEO David Finkelstein explained that this decision was driven by sustained overearning and reinforced durability in the firm's financial performance. The company reported EAD of $0.79 per share in Q2 2026, up from $0.76 in the prior quarter. The new payout ratio is currently at 67.14%, with a yield of 13.42%. Finkelstein highlighted strong returns across Annaly's portfolio segments and noted that book value per share rose to $20 during the period. CFO Serena Wolfe added that the increase was supported by a positive economic return, which includes both dividend income and changes in book value. The company also raised approximately $450 million through its at-the-market equity program.
Tickers: $NLY
Topics: dividends financial performance real estate investment trusts (REITs)