CAPITAL STOCK (Tables)

12 Months Ended

Dec. 31, 2025

The following table provides a summary of the Company’s common shares authorized, and issued and outstanding at December 31, 2025 and 2024.

Shares authorized

Shares issued and outstanding

December 31, 2025

December 31, 2024

December 31, 2025

December 31, 2024

Par Value

Common stock

1,456,750,000

1,468,250,000

706,972,452

578,357,118

$0.01

The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at December 31, 2025 and 2024. In the event of a liquidation or dissolution of the Company, the Company’s then outstanding preferred stock takes precedence over the Company’s common stock with respect to payment of dividends and the distribution of assets.


	Shares Authorized		Shares Issued And Outstanding		Carrying Value				Contractual Rate	Earliest Redemption Date (1)	Effective Date of Floating Rate Dividend Period	Floating Annual Rate (2)
	December 31, 2025	December 31, 2024	December 31, 2025	December 31, 2024	December 31, 2025		December 31, 2024
Fixed-rate		(dollars in thousands)




Series J	11,500,000	—	11,000,000	—	265,911		—		8.875%	9/30/2030	NA	NA
Fixed-to-floating rate
Series F	28,800,000	28,800,000	28,800,000	28,800,000	696,910		696,910		6.95%	9/30/2022	9/30/2022	3M Term SOFR + 4.993%
Series G	17,000,000	17,000,000	17,000,000	17,000,000	411,335		411,335		6.50%	3/31/2023	3/31/2023	3M Term SOFR + 4.172%
Series I	17,700,000	17,700,000	17,700,000	17,700,000	428,324		428,324		6.75%	6/30/2024	6/30/2024	3M Term SOFR + 4.989%
Subtotal	63,500,000	63,500,000	63,500,000	63,500,000	1,536,569		1,536,569
Total	75,000,000	63,500,000	74,500,000	63,500,000	$	1,802,480	$	1,536,569

(1) Subject to the Company’s right under limited circumstances to redeem preferred stock earlier in order to preserve its qualification as a REIT or under limited circumstances related to a change in control of the Company. (2) For each series of fixed-to-floating rate cumulative redeemable preferred stock, the floating rate is calculated as 3-month CME Term SOFR (plus a spread adjustment of 0.26161%) plus the spread specified in the prospectus.

Summary of Dividend Distribution Activity

The following table provides a summary of the Company’s dividend distribution activity for the periods presented:


	For the Years Ended
	December 31, 2025		December 31, 2024
	(dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards	$	1,853,510	$	1,397,733
Distributions declared per common share (1)	$	2.80	$	2.60
Distributions paid to common stockholders after period end	$	494,881	$	375,932
Distributions paid per common share after period end	$	0.70	$	0.65
Date of distributions paid to common stockholders after period end	January 30, 2026		January 31, 2025








Dividends declared to series F preferred stockholders	$	68,298	$	74,887
Dividends declared per share of series F preferred stock (2)	$	2.371	$	2.600
Dividends declared to series G preferred stockholders	$	37,333	$	41,619
Dividends declared per share of series G preferred stock (2)	$	2.196	$	2.448


Dividends declared to series I preferred stockholders	$	42,537	$	38,045
Dividends declared per share of series I preferred stock (2)	$	2.403	$	2.149
Dividends declared to series J preferred stockholders	$	9,763	$	—
Dividends declared per share of series J preferred stock (2)	$	0.888	$	—
(1) For the year ended December 31, 2025, 100% of common stock dividend distributions of $2.80 per share declared in calendar year 2025 were taxable as ordinary income. For the year ended December 31, 2024, 100% of common stock dividend distributions of $2.60 per share declared in calendar year 2024 were taxable as ordinary income. (2) For the years ended December 31, 2025 and 2024, 100% of the preferred stock dividend distributions per share were taxable as ordinary income.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

ANNALY CAPITAL MANAGEMENT INC 10-K