Annaly Capital Management, a real estate investment trust, has announced a cash dividend of $0.514 per share for its Series G Fixed-to-Floating Rate Preferred Stock.

Dividend Details This dividend pertains to the period from March 31, 2026 to June 29, 2026 (exclusive). The ex-dividend date is June 12, 2026, the record date is June 15, 2026, and the payment date is June 30, 2026.

The annual dividend rate for the Series G Preferred Stock is calculated based on the three-month London Interbank Offered Rate plus a variable spread. According to the terms of the agreement, starting March 31, 2026, the dividend rate has been reset to a fixed annual rate of 5.414%, which equates to an annualized dividend of approximately $1.23 per share.

Significance for Investors Based on Thursday's closing price, the current yield of the Series G Preferred Stock is approximately 8.2%. This is lower than the roughly 12% dividend yield of Annaly's common stock; however, preferred stock typically exhibits lower price volatility and is suitable for income-focused investors seeking stable cash flows. Preferred shareholders have a higher claim on assets than common shareholders in the event of liquidation, though their claim is subordinate to that of creditors.

Company Background Annaly is one of the largest residential mortgage REITs in the United States, with managed assets exceeding $90 billion. The company primarily invests in agency mortgage-backed securities, making it sensitive to interest rate changes.

Market Reaction This dividend announcement was in line with market expectations. Annaly's common stock declined approximately 0.5% on Thursday, while the price of the Series G Preferred Stock remained largely unchanged. Analysts note that in an environment of uncertain interest rate paths, REIT preferred stocks offer investors relatively predictable cash flows due to their fixed-income characteristics.

Dividend payment records show that Annaly has paid dividends for the Series G Preferred Stock on time for over 20 consecutive quarters. Investors should note that preferred stock dividends are subject to withholding tax, with the specific rate depending on the tax treaty between the investor's country and the United States.