Annaly cuts dividend by 14.3%

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

Annaly Capital's (NLY) new quarterly dividend of $0.30 is a 14.3% cut from the previous $0.35. The annualized yield is 12.2% based on today's close of $9.87 (the stock was off 3.4% in today's session). The stock's at a 22.3% discount to September 30 book value of $12.70.

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