How To Earn $500 A Month From Annaly Capital Management Stock
Portfolio Pulse from Avi Kapoor
Annaly Capital Management, Inc. (NLY) shares closed flat despite the S&P 500 nearing record levels. Analyst Bose George maintained an Outperform rating and raised the price target from $17 to $21.50. The company reported a Q3 GAAP loss of $1.21 per share. Shares rose 10% over the past month but fell 7% YTD. Annaly offers a high dividend yield of 13.08%, equating to a quarterly dividend of 65 cents per share. To earn $500 monthly in dividends, an investor would need 2,308 shares, valued at approximately $45,883. The article also explains how dividend yield fluctuates with stock price and dividend changes. NLY shares were down 3.1% to $19.88 on Thursday.
December 29, 2023 | 12:50 pm
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NEUTRAL IMPACT
Annaly Capital Management has a high dividend yield and an increased price target from an analyst, despite a Q3 loss. Shares have seen recent growth but are down YTD.
The Outperform rating and raised price target by an analyst could indicate a positive outlook, potentially attracting investors. However, the recent Q3 loss and the year-to-date decline in share price may temper short-term expectations. The high dividend yield is a significant factor for income-focused investors, which could support the stock price. The recent drop in share price could be a short-term reaction, and the overall impact on the stock is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100