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Annaly Capital Management (NLY) declares $0.45/share quarterly dividend. For shareholders of...

Annaly Capital Management (NLY) declares $0.45/share quarterly dividend. For shareholders of record Dec. 28. Payable Jan. 29. Ex-div date Dec. 26. (PR)
Comments (15)
  • As expected...
    18 Dec 2012, 04:46 PM Reply Like
  • Better then expected actually...
    18 Dec 2012, 05:08 PM Reply Like
  • correct http://seekingalpha.co...
    18 Dec 2012, 05:18 PM Reply Like
  • I do not understand how the Date Of Record can be after the Ex-Dividend date. Can you explain that to me? I thought the price dropped on the Ex-Div.
    18 Dec 2012, 05:18 PM Reply Like
  • I know!..This was confusing to me at first. But, it has to do with who gets that last dividend and who gets the next one. Hope this helps:

     

    The Ex-Date, or Ex-Dividend Date is the first day that a stock trades "without" entitlements to the "next" dividend. The ex-date is typically two businesses days prior to the ""next" record date which companies determine who should receive the "next" dividend.

     

    In order to receive a dividend from a paying company, you must buy the stock "prior" to the ex-date. You may sell the stock any time on or after the ex-date and still receive the dividend, since you would be selling the stock without the dividend rights. The ex-date is the second business day before the date of record.

     

    Record Date

     

    Date on which a shareholder must officially own shares in order to be entitled to the "next" dividend.

     

    Basically, you own the shares on and up to X date you get the "past/or current" dividend. You own shares on or after the Record Date..And hold them before the next X date...you get the "furure/or next" dividend. The two days in between is "no man's land" and you need to hold them into the Date of Record up until the "next" X-Date...hope this helps.
    18 Dec 2012, 06:22 PM Reply Like
  • Date of Record is typically 3 days after Ex - the typical settlement period. Isn;t that right?
    18 Dec 2012, 05:33 PM Reply Like
  • 2 trading days after...here, the record date is Friday the 28th, so the stock trades ex-dividend for the first time on Wednesday the 26th. If you want to receive this upcoming dividend, you need to buy shares on the 24th or sooner (since the market is closed on the 25th).
    19 Dec 2012, 05:25 AM Reply Like
  • NLY is still a good stock , even after all the negative publicity. Even if they cut their dividend in half you would still be making over 7% interest at todays price. Not sure where you can find anything like that these days, all I know my bank offered me a two year CD at 1% and a five year CD at 5%..Now Obama wants to reduce the yearly social security increases to reach an agreement on the budget. Great to be retired isn't it?
    The third eye
    18 Dec 2012, 05:46 PM Reply Like
  • fehler, where can you get a 5 year @ 5%? I'm definitely interested!
    18 Dec 2012, 07:02 PM Reply Like
  • Yeah, that's what I'm thinking, my bank doesn't offer anything close to 5% for anything. Loans are above 5% however...
    18 Dec 2012, 11:28 PM Reply Like
  • "Even if they cut their dividend in half you would still be making over 7% interest at todays price"

     

    If the dividend were cut in half, the price per share would also drop close to 50%. That drop would dwarf any dividend yield. The logic above is simply nuts. There is no scenario where the share price would remain even close to the current price if the dividend were cut by 50%.
    18 Dec 2012, 11:37 PM Reply Like
  • Well, the logic makes sense if you are a long term holder (really long term) and willing to wait for the dividend (and hence the share price along with it) to rise again as has happened over and over again with NLY in the past. This is a stock on which the dividend regularly fluctuates. If you bought it thinking that the dividend would never, ever go down, then you bought the wrong stock in the first place. They always adjust the dividend to match the business environment they're dealing with at the moment.

     

    Disclosure: long NLY
    19 Dec 2012, 05:29 AM Reply Like
  • Div was cut 10% but stock is UP 2% today.
    Also long NLY - in it for the dividend - my return still over 12%.
    Price doesn't always track or move in the same direction as the div.
    19 Dec 2012, 03:07 PM Reply Like
  • Agree with bill d. The stock price for MREITs is closely tied to book value. If NLY's stock price dropped to 1/2 of BV then you should buy as much as you can and wait for the asset fire sale.
    21 Dec 2012, 12:38 PM Reply Like
  • This is unchartered territory for Annaly and other REITS. The assumption that Annaly will weather QE3 and beyond remains to be seen. Good luck. I sold just below $16.
    19 Dec 2012, 06:35 AM Reply Like
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