Annaly Capital Management

Annaly Capital Management reported earnings available for distribution (EAD) of $0.79 per share in Q2, exceeding its $0.75 per share dividend for the ninth straight quarter. Rising EAD has supported two dividend increases this period and reversed prior declines, driven by scale, portfolio diversification across Agency MBS, residential credit and MSR, and reduced economic leverage. Management says it can earn attractive levered returns on new MSR, residential credit and Agency MBS investments and will allocate capital to the best opportunities, making the current dividend appear sustainable so long as EAD remains above payouts. Investors should monitor EAD closely, as declines would directly pressure the dividend. » More on finance.yahoo.com

Annaly Capital reported Q1 2026 EPS of $0.76, above the consensus of $0.74, while revenue of $452.69 million fell well short of the $592.03 million forecast. The company reported an economic total return of 1.5%, maintained an economic leverage of 5.7 and raised $510 million of common equity to finance growth. Book value fell 1.9% to $19.82, the quarterly dividend is $0.70, and management gave a cautious outlook with EPS expectations of $0.74 for Q2 and Q3 2026. » More on de.investing.com

iShares Mortgage Real Estate ETF (REM) yields 9.55% driven by a 100% mortgage REIT portfolio whose top five holdings—Annaly and AGNC (35% combined), Starwood and Rithm—covered 2025 dividends with cushions. Annaly's expanded net interest spread and AGNC's strong economic returns support dividend durability, while Starwood and Rithm show stable payouts. Blackstone Mortgage Trust remains the main risk after a 24% dividend cut and GAAP earnings that did not fully cover its payout in 2025, but its smaller weighting limits threat to REM's overall income stream. mREIT dividends remain sensitive to interest-rate and credit cycles, so principal risk persists for income-seeking investors. » More on finance.yahoo.com