he Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) declared the third quarter 2009 common stock cash dividend of $0.69 per common share. This dividend is payable October 29, 2009 to common shareholders of record on October 1, 2009. The ex-dividend date is September 29, 2009.
“We continue to manage Annaly conservatively in the current environment. Looking ahead, I believe that we are well-prepared for the opportunities that will present themselves as government policy in our markets continues to evolve,” said Michael A.J. Farrell, Chairman, President and Chief Executive Officer.
The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will differ because of non-taxable unrealized and realized losses, differences in premium amortization, and non-deductible general and administrative expenses.
Dividends may be reinvested through Annaly's Dividend Reinvestment Plan. Plan information may be obtained from the Plan Administrator, Mellon Investor Services at 1-800-301-5234, at www.annaly.com, or by contacting the Company.
Annaly manages assets on behalf of institutional and individual investors worldwide. The Company’s principal business objective is to generate net income for distribution to investors from its investment securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”), and currently has 552,762,229 shares of common stock outstanding.
Disclosure I am long NLY shares.
Excellent post
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