Annaly Capital Management's Series C Preferred Stock Shares Cross 7.5% Yield Mark

In trading on Tuesday, shares of Annaly Capital Management Inc's 7.625% Series C Cumulative Redeemable Preferred Stock (NYSE: NLY.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $25.39 on the day. This compares to an average yield of 6.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NLY.PRC was trading at a 3.36% premium to its liquidation preference amo...