Annaly Capital Stock Holds Near $22 After Dividend Hike as Investors Eye Fed Rate Catalyst
Annaly Capital Management shares ended Friday almost unchanged at $22.00 after the mortgage real estate investment trust raised its quarterly common dividend, a move that puts the stock’s income profile back at the center of the investment case. NLY traded between $21.89 and $22.15, with volume of about 6.1 million shares, while the iShares Mortgage Real Estate ETF rose modestly, suggesting the stock’s immediate reaction was measured rather than euphoric.
