Annaly Capital Management's Series A Preferred Stock Crosses Above 8% Yield Territory

In trading on Friday, shares of Annaly Capital Management Inc's 7.875% Series A Cumulative Redeemable Preferred Stock (NLY. RA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.51 on the day.
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