Annaly Cuts Dividend Again
Annaly Capital Management is apparently on a diet as far as its shareholder payout is concerned. The real estate investment trust has declared a common stock dividend of $0.35 per share for its Q3, to be dispensed on October 31 to shareholders of record as of October 1. That amount is $0.05, or 13% less than the firm's previous distribution of $0.40, which was paid at the end of July. That, in turn, was $0.05 below the preceding payout of $0.45.
The firm is a consistent dividend payer, although, as a REIT, that distribution can vary considerably. The just-announced disbursement is Annaly's lowest since January 2008.
The new dividend annualizes to $1.40 per share. That yields 11.4% at the company's most recent closing stock price of $12.25.
The article Annaly Cuts Dividend Again originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Annaly Capital Management. Nor does The Motley Fool. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
