Annaly Capital: Gauging Potential As Q2 Results Approach
NLYAnnaly(NLY) Seeking Alpha·2024-07-20 21:23

gzorgz/iStock via Getty Images Annaly Capital (NYSE:NLY) is a mortgage REIT I've covered before. My previous thesis in December was rather scathing, and I noted the preferred shares represented better income vehicles over the long term than the common. In it, I concluded: Because of its history of declining dividends, its lack of clear signals that this will improve, and the safer returns offered by the preferred, it's my view that shares of NLY are a SELL for investors seeking dependable income. With th ...