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A second ultra-high-yield dividend stock that makes for a slam-dunk buy in the new year is mortgage real estate investment trust (REIT) Annaly Capital Management (NYSE: NLY). Though Annaly's jaw ...
NLY data by YCharts. ... Annaly Capital Management, on the other hand, has a volatile dividend history and is really a total return investment. Don't get sucked in by the high yield -- history ...
Annaly Capital Management was founded in 1997 by Michael A.J. Farrell (1951-2012) and Wellington Denahan. Mike Farrell spent 26 years working for investment banks including E.F. Hutton & Co., Morgan Stanley, and Merrill Lynch.
[15] [23] As of 2016, the company has paid a dividend every year since 1854. [24] Through Seguros Monterrey New York Life, the company offers insurance in Mexico. [25] New York Life's core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time.
The mortgage REIT is seeing tailwinds in its business.
The ex-dividend date, i.e. the first date in which a new buyer of shares would not be entitled to the dividend, is the business day prior to the record date (see ex-dividend date for exceptions). In the case of a special dividend of 25% or more, however, special rules that are quite different apply.
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Within three years, less than 1% of the company's new business consisted of the old annual dividend policies. McCurdy, a company vice president, sent agents throughout the West and Southwest and pursued an ambitious investment approach, doubling new insurance in the first three years of his presidency.