Annaly Declares Its First Dividend of 2013

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Annaly Capital Management has declared a dividend for its Q1 2013. The company will pay $0.45 per share of its common stock on April 29 to shareholders of record as of April 1. This amount matches Annaly's previous disbursement, which was handed out in December.

The high-profile real estate investment trust is a habitual dividend payer, although its payout tends to fluctuate somewhat. Over the past five years, the quarterly disbursement has ranged from $0.48 to $0.75 per share.

The company's current dividend annualizes to $1.80 per share. That yields 11.5% at Annaly's most recent closing stock price of $15.60.

The article Annaly Declares Its First Dividend of 2013 originally appeared on Fool.com.

Fool contributor Eric Volkman owns no shares of Annaly Capital Management, but The Motley Fool does. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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