Annaly Capital Management's Series A Preferred Stock Yield Pushes Past 7.5%

In trading on Friday, shares of Annaly Capital Management Inc's 7.875% Series A Cumulative Redeemable Preferred Stock (NYSE: NLY.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $25.82 on the day. This compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NLY.PRA was trading at a 6.52% premium to its liquidation preference amou...