On its third-quarter 2026 earnings call, held on Oct. 21, 2026, Annaly Capital (NLY -0.68%) reported earnings available for distribution, an adjusted measure of core operational profit, of $0.80 per share to cover its quarterly dividend. It was a rough quarter, as GAAP net loss was $1.36 per average common share, and economic return was negative 7.6% while book value per share fell 11.4% to $17.86. The report indicated that higher coupon income and disciplined hedging can maintain dividend durability, even ...