Does Annaly Capital Management (nly) have a stock decline?
A stock decline in this situation isn't odd at all. Shares of the mortgage real estate investment trust (REIT) Annaly Capital Management ( NLY -0.84%) dropped as much as 10% on Sept. 26. The big news here hails all the way back to Sept. 8, when the company announced a reverse stock split. The market's reaction is not at all surprising.
Who is Annaly Capital Management Inc?
Click here for more on how to use these ratings. Annaly Capital Management Inc is an American mortgage real estate investment trust.
Does Annaly Capital Management have a reverse split?
Annaly Capital Management completed a 1-for-4 reverse split on Friday. Today is the first day of trading following the split. Investors generally frown on reverse splits. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Is Annaly a good dividend stock?
Annaly offers an eye-popping dividend yield. However, that payout hasn't proven sustainable over the years because of the impact of interest rate changes on the company's earnings. Given the mortgage REIT's more volatile earnings and dividend, it isn't suitable for everyone, especially those seeking a more stable source of dividend income.
