Annaly Capital Management's Series A Preferred Stock Crosses Above 7.5% Yield Territory
May 25, 2017 at 14:08 PM EDT
In trading on Thursday, shares of Annaly Capital Management Inc's 7.875% Series A Cumulative Redeemable Preferred Stock (NLY. RA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.20 on the day.