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Annaly Capital Management: Take A Look At This 6.8%-Yielding Preferred Stock

Published Wed, 17 Apr 2019 06:09:42 -0400 on Seeking Alpha

Annaly Capital Management, Inc. (NLY) is a high-yield, high-risk mortgage real estate investment trust whose common stock is only suitable for investors with a high risk tolerance. Investors that want to dial down investment risk and that are also willing to accept a lower, yet still attractive, dividend may want to take a look at the mortgage REIT's preferred stock layer. An investment in the Series F yields 6.8 percent.
Annaly Capital Management - Value Proposition
Annaly Capital Management is a large, increasingly diversified capital manager that has issued preferred stocks in order to raise money for investment purposes and to diversify its funding sources. I have discussed Annaly Capital Management's value proposition at length in my February article, "Annaly Capital Management: This 11.7%-Yielding Mortgage REIT Still Offers Decent Value," in which I recommended the mortgage REIT's common stock as a "Buy" to high yield investors with above-average risk tolerance.
Investors that think the margin of dividend safety for Annaly Capital Management's common shares is too low and the risk is too high, however, may want to consider one of the mortgage REIT's preferred stocks.
In this article, I am going to discuss Annaly Capital Management's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLY.PF), which began trading in the summer of 2017.
The Series F has a unique feature in that it provides income investors with both fixed- and... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ANNALY CAPITAL MANAGEMENT 9.30   0.0 -1.59 1.20 12.99


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