Annaly Capital Management Declares Strong Preferred Dividends for Q2 2025
1. Overview of Annaly's Dividend Announcement
On May 8, 2025, Annaly Capital Management, Inc. (NYSE: NLY) announced the declaration of cash dividends for its preferred stock series for the second quarter of 2025. The declared dividends reflect the company's ongoing commitment to delivering value to its shareholders and maintaining a robust income distribution policy.
2. Details of the Preferred Dividends
Series F Preferred Stock
For Annaly's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Board has set a cash dividend of $0.597111 per share. This dividend corresponds to an impressive annualized yield of 9.55378%, calculated based on the three-month CME Term SOFR, with an added spread adjustment of 0.26161% and an additional spread of 4.993%.
Series G Preferred Stock
In addition, the Board declared a cash dividend for the 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, amounting to $0.551863 per share. This translates to an annualized yield of 8.73278%, similarly linked to the three-month CME Term SOFR with a spread adjustment of 0.26161% and an added spread of 4.172%.
Series I Preferred Stock
Finally, for the 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the dividend has been set at $0.603493 per share, reflecting an annualized yield of 9.54978%. This calculation is also based on the three-month CME Term SOFR, including a spread adjustment of 0.26161% and a spread of 4.989%.
3. Payment and Record Dates
The dividends for the Series F, Series G, and Series I Preferred Stocks are scheduled to be paid on June 30, 2025. Shareholders of record as of June 2, 2025, will be eligible to receive these dividends, reinforcing Annaly's commitment to timely and consistent returns for its investors.
4. About Annaly Capital Management
Annaly Capital Management is a prominent diversified capital manager focused on investment strategies across mortgage finance. The company's primary objective is to generate net income for distribution to its stockholders while optimizing returns through careful management of its diverse investment strategies. As an internally managed firm, Annaly has elected to be taxed as a Real Estate Investment Trust (REIT) for federal income tax purposes, allowing it to provide significant value to its shareholders through regular dividend payments.
5. Conclusion
Annaly’s recent announcement of preferred dividends reflects its strong financial position and commitment to shareholder returns amid a landscape of fluctuating interest rates and market conditions. With competitive yields across all preferred stock series, Annaly continues to attract investor interest as a stable source of income in the mortgage finance sector. Shareholders can look forward to the upcoming dividend payments, which underscore Annaly's dedication to delivering reliable and attractive returns.
