Key Points – Annaly posted a solid Q2 2026, with economic return of 5.5% and earnings available for distribution of $0.79 per share, its ninth straight quarter of EAD above the dividend.
Book value per share also rose 1.7% to $20.15. – The company raised its dividend to $0.75 per share and said it expects to cover the payout over time, though management noted results can vary quarter to quarter
The increase was backed by improving earnings and a methodical review by the board. – Annaly expanded key portfolios and maintained strong liquidity, including a $3 billion increase in its Agency portfolio and a record $7.1 billion of Residential Credit loan purchases. It ended the quarter with $8 billion in unencumbered assets and said capital deployment will likely favor Agency assets first. – Dividend Increases: From Over 10% Yields to Over 10% Dividend Growth Annaly Capital Management (NYSE:NLY) reported a stronger second quarter of 2026, citing book value growth, improved earnings available for distribution and continued expansion across parts of its diversified housing finance platform. Chief Executive Officer and Co-Chief Investment Officer David Finkelstein said the company generated a 5.5% economic return during the quarter, helped by lower rate volatility despite rising interest rates.
He said earnings available for distribution, or EAD, totaled $0.79 per share, marking the ninth consecutive quarter in which EAD exceeded the company’s dividend. – Here’s Who Wins If Trump’s 50-Year Mortgages Come to Market Annaly recently increased its quarterly common dividend to $0.75 per share. Finkelstein said the company’s board was “very methodical” in evaluating the dividend and wanted to ensure it was “earnable.” He said Annaly expects to cover the payout over time, while acknowledging that individual quarters could fluctuate. Book Value Rises as Earnings Top Dividend Chief Financial Officer Serena Wolfe said Annaly’s book value per share increased 1.7% from the prior…