|Bid||25.16 x 1100|
|Ask||25.47 x 800|
|Day's Range||25.41 - 25.51|
|52 Week Range||22.20 - 26.25|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||13.20|
|Forward Dividend & Yield||1.62 (6.37%)|
|Ex-Dividend Date||Aug. 31, 2021|
|1y Target Est||N/A|
NEW YORK, November 10, 2021--In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), the Board has declared a Series F Preferred Stock cash dividend for the fourth quarter of 2021 of $0.434375 per share of Series F Preferred Stock.
It's not that the REIT is a bad company -- it's the larger business model that keeps me away. Here's why.
With the Federal Reserve planning on reducing its support for the economy, we are entering a dangerous period for mortgage real estate investment trusts (REITs). Mortgage REITs invest heavily in mortgage-backed securities that are guaranteed by the U.S. government, which the Fed has been buying ever since the beginning of the COVID-19 pandemic. Mortgage REITs like Annaly Capital (NYSE: NLY) have been taking steps to insulate themselves from the danger.