After the bell on Wednesday, Annaly Capital Management (NYSE:NLY) declared its quarterly dividend of 50 cents, a reduction from the prior dividend of 55 cents. Most investors had been expecting the reduction in the dividend as spreads have tightened on mortgage back securities in recent months. In early trading, shares of NLY were higher by 0.4%.
Also announcing dividends were CreXus Investment (NYSE:CXS) and Chimera Investment (NYSE:CIM). CreXus increased its quarterly dividend to 32 cents per share from 27 cents, while Chimera maintained its quarterly dividend of 9 cents per share. Both stocks were performing well this morning, as CIM was up 3.5% and CXS was up 4.3%.
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