2024-03-14 12:26:41 ET
Summary
- Annaly Capital Management preferred stock has consistently paid dividends, even during the financial crisis.
- The fixed-to-floating rate preferreds have performed well, with the F and G series paying higher dividends after reaching their float dates.
- NLY.PR.I reaches its float date at the end of June and is expected to yield more than 10% at that time.
Since before the 2008 financial crisis, I've owned various series of Annaly Capital Management ( NLY ) preferred stock, some of which have been called and replaced with newer ones....
Read the full article on Seeking Alpha
For further details see:
Annaly Preferred Nears 10%-Plus Floating Rate