Annaly Capital Management's Series A Preferred Stock Crosses Above 8% Yield Territory
December 16, 2016 at 14:34 PM EST
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.