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Annaly Capital Management, Inc. Message Board

  • cibrocsa cibrocsa Dec 23, 2012 2:34 PM Flag

    Dividend Question

    "Annaly Capital Management Inc ( NLY ) has announced an ex-dividend date of December 26, 2012 and a cash dividend payment of $0.45 per share scheduled for January 29, 2013."

    Since that's a bit more than 30 days, is that that their attempt to avoid 30 day wash sale problems in case dividends are reinvested and share owners sold right after the ex date??

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    • Down only 20 cents today with a 45 cent divvie coming. That's really good.

    • No, it's because the income is taxable as of 2012 and shareholders of record are as of the last friday in december. They usually pay around the 29th of the following month.

      BTW, I wouldn't be surprised this year to see a small portion of the distribution be classified as capital gain, probably not enough to matter but at least a little with the runup in MBS securities sold this year.

      Sentiment: Hold

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