NLY-J preferred shares offer an attractive yield and about five years of call protection. Relative to other fixed-rate preferreds, NLY-J stands out for yield and safety, but some alternatives shown here offer more upside in a rate-cut scenario. If the Fed cuts rates without a recession, NLY-J could break $26. There's even a chance that it happens just with dividend accrual, though I wouldn't have expected that.
Annaly Capital Management's new fixed-rate preferred offers high yield and 5 years of call protection, appealing to income-focused investors. Issuing preferreds is a cost-effective equity strategy for NLY, as the company pays less on preferreds than on common shares. NLY.PR.J's fixed-rate structure provides interest-rate diversification versus the company's other floating-rate preferreds but exposes holders to duration risk if rates rise.
Does NLY's high dividend yield, diversified mortgage portfolio and rising net interest income keep it attractive despite valuation concerns? Let us find out.
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NLY tops Q2 earnings estimates as net interest income jumps significantly year over year on increased loan demand.
With a 13.5% dividend yield and strong Q2 results, will NLY show resilience? Let us find out.
Annaly Capital Management, Inc. (NYSE:NLY ) Q2 2025 Earnings Conference Call July 24, 2025 9:00 AM ET Company Participants David L. Finkelstein - CEO, Co-Chief investment Officer & Director Michael Fania - Co-Chief Investment Officer & Head of Residential Credit Sean Kensil - Corporate Participant Serena Wolfe - Chief Financial Officer Conference Call Participants Bose Thomas George - Keefe, Bruyette, & Woods, Inc., Research Division Crispin Elliot Love - Piper Sandler & Co., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Eric J.
NLY tops Q2 earnings estimates with higher asset yields and ROE, but BVPS slips year over year.
Annaly Capital Management (NLY) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.68 per share a year ago.
Annaly (NLY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Annaly Capital Management (NLY -0.45%) has an enticing 14%+ dividend yield backed by a dividend that was just increased. Some on Wall Street believe that the safest dividends are those that have just been raised.
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