Annaly (NLY -3.5%) shareholders receive a nice present in the form of stock dilution as the...

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

Annaly (NLY -3.5%) shareholders receive a nice present in the form of stock dilution as the company announces the conversion of 772K shares of preferred stock into 2.4M shares of common. It's ex-dividend day and the shares are off a bit more than the $0.55 payout. (PR)