filo Annaly Capital Management Inc. (NYSE:NLY) solidly covered its dividend with distributable earnings in the second quarter last week. The mortgage real estate investment trust, however, also suffered a small decline in its book value as well, but second quarter results were solid and continue to support the investment thesis, in my view. Annaly Capital Management’s net interest margin was positive for the first time in the last year and with the central bank poised to lower short-term interest rates  ...