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Annaly Capital Management, Inc. reports developments tied to its mortgage REIT platform and diversified investment strategies across mortgage finance. The company is internally managed and has elected REIT tax status, with business activity centered on Agency mortgage-backed securities, Residential Credit investments in non-Agency residential whole loans and securitized products, and Mortgage Servicing Rights.
Recurring updates include quarterly financial results, portfolio allocation, leverage and hedge disclosures, securitization activity, Onslow Bay correspondent loan activity, and cash dividends on common stock and Series F, Series G and Series J preferred stock. Annaly also announces earnings-call schedules and investor materials associated with its financial reporting cycle.
Annaly Capital Management reported its financial results for Q4 and the full year 2020. Highlights include a GAAP net income of $0.60 per share for Q4 and a net loss of $0.73 for the year. Core earnings were $0.30 per share in Q4, totaling $1.10 for the year. The company declared a quarterly dividend of $0.22 per share and achieved economic returns of 5.1% for Q4. Total assets stood at $101.6 billion, with a book value of $8.92 per share. Annaly's capital allocation towards credit businesses increased to 22%, while economic leverage remained stable at 6.2x.
Annaly Capital Management (NYSE:NLY) will release its financial results for Q4 and the year ending December 31, 2020, after market close on February 10, 2021. A conference call to discuss these results is scheduled for February 11, 2021, at 9:00 a.m. ET, encouraging participants to pre-register for quicker access. The call can be joined via U.S. toll-free and international call-in numbers. The replay of the call will be available for a week post-event. Annaly focuses on generating net income to distribute to its stockholders and is a real estate investment trust (REIT).
Annaly Capital Management (NYSE:NLY) has authorized a new share repurchase program to buy back up to $1.5 billion of its common stock through December 31, 2021. This program replaces the previous $1.5 billion program that expired on December 31, 2020. Repurchases will be conducted in the open market or through private transactions based on economic conditions and stock price. The program provides flexibility as it does not obligate the company to acquire any specific amount and may be suspended at its discretion.
The Board of Directors of Annaly Capital Management (NYSE: NLY) has declared a fourth quarter 2020 cash dividend of $0.22 per common share. This dividend will be payable on January 29, 2021, to shareholders on record as of December 31, 2020, with an ex-dividend date of December 30, 2020. Annaly is a diversified capital manager focused on generating net income for its stockholders through investments in residential and commercial assets, structured as a real estate investment trust (REIT).
Annaly Capital Management (NYSE: NLY) announced the redemption of all 18.4 million shares of its 7.50% Series D Cumulative Redeemable Preferred Stock, with a cash redemption amount of $25.00 per share, plus accrued dividends. The redemption date is set for December 23, 2020, after which dividends will cease, and all rights related to the shares will terminate, except the right to receive the redemption amount. Notice and related materials have been mailed to the record holders of the Series D Preferred Stock.
Annaly has declared cash dividends for its preferred stock for Q4 2020. The dividends are as follows: $0.46875 per share for the 7.50% Series D, $0.434375 for the 6.95% Series F, $0.40625 for the 6.50% Series G, and $0.421875 for the 6.75% Series I. These dividends will be payable on December 31, 2020, to shareholders of record as of December 1, 2020. Annaly, a diversified capital manager focused on real estate, aims to generate net income for its shareholders through strategic investments.
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Annaly Capital Management (NYSE:NLY) announced it will release its financial results for Q3 2020 after market close on October 28, 2020. A conference call is scheduled for October 29, 2020, at 10:00 a.m. ET to discuss the results. Participants can pre-register for the call to receive a unique PIN for immediate access. The earnings call will also be available via a webcast. Investors can find additional information and register for email alerts on Annaly's official website.
Annaly Capital Management (NYSE:NLY) has published its inaugural corporate responsibility report for 2019, titled Principled Investments. This report highlights the company's progress in environmental, social, and governance (ESG) practices, emphasizing its commitment to long-term stakeholder value. Key achievements include a 7% turnover rate among employees, nearly $125 billion financed in residential housing, and a 5% reduction in greenhouse gas emissions intensity. Annaly aims to integrate ESG considerations into its business strategy across five key areas, including corporate governance and responsible investments.