Annaly Mortgage Management, Inc. Announces Solid Fourth Quarter 1998 Dividend
NEW YORK, Dec. 21 /PRNewswire/ -- The Board of Directors of Annaly Mortgage Management, Inc. (NYSE: NLY) declared a fourth quarter 1998 dividend of $0.305 per share of common stock. This dividend is payable on January 25, 1999, to common shareholders of record as of December 31, 1998.
"Annaly Mortgage Management, Inc. continues to validate its investment policies with another quarter of steady dividends. The Company has demonstrated an ability, in rising and falling interest rate environments, to reward its shareholders with strong quarterly dividends. As Annaly Mortgage Management's track record has unfolded during its two years of operation, we would hope shareholders, both old and new, will recognize the value of our Company," stated Timothy J. Guba, President and Chief Operating Officer. The Company has proceeded with the stock repurchase plan adopted by the Board of Directors on June 25, 1998. |
