Boston, MA 12/20/2013 (wallstreetpr) – Annaly Capital Management, Inc (NYSE:NLY) is a diversified investment company with deep interest in real estate related ventures. Its diversification is viewed as investment risk safety measure. And indeed compared to its peers, the company has taken the least beating from the slow economic atmosphere that presently prevails in the industry. It can also be seen that its stock price is not only up higher than its peers, but also exceeds the S&P 500 Index by a wider margin.
The company this week declared Q4.13 quarterly dividend of $30 per common stock. This new quarterly dividend is below the previous $0.35 per share by about 14.3 percent. The payment of this new dividend to investors is slated for January 31, 2014 and it captures all common shareholders as of Dec. 31, 2013. The stock will begin ex-dividend trading on Dec. 27, 2013.
Annaly Capital Management, Inc (NYSE:NLY) distributes its common stock dividend based on various estimates such as taxable earnings per share. It doesn’t impress investors when dividends are reduced, but sometimes it becomes the best measure where a company foresees something that could impact its business if it maintains dividend payout figure.
As for the case of the previous quarter, a slump in dividend figure was expected given the drop in the earnings per share which ended up at $0.28.
In the most recent quarter Annaly Capital Management, Inc (NYSE:NLY) reported earning of $0.28 per share, below Thomson Reuters estimate of $0.34. Over the past four quarters, the company has posted per share earnings in the range of $0.32 per share and $0.28 per share. Still in the most recent quarter, the company’s earnings fell short of the $0.45 per share that it realized in the corresponding quarter of the previous year.
Analysts are now expecting the company to post $1.12 per share in full year earnings. Annaly Capital Management, Inc (NYSE:NLY) currently has about 947 million shares outstanding with each share trading around $9.87, thus giving it’s a market value of $9.35 billion.
