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Wednesday 19 August 2015
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Movers to Watch: Annaly Capital Management, Inc. (NYSE:NLY), Pinnacle Foods Inc (NYSE:PF), AFLAC Incorporated (NYSE:AFL)

On Thursday, Shares of Annaly Capital Management, Inc. (NYSE:NLY), gained 0.39% to $10.29.

In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock of Annaly Capital Management, Inc. (NLY), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the third quarter 2015 of $0.492188 per share of Series A Preferred Stock. This dividend is payable on September 30, 2015, to Series A Preferred Stock shareholders of record as of September 1, 2015.

In accordance with the terms of Annaly’s 7.625% Series C Cumulative Redeemable Preferred Stock, the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the third quarter 2015 of $0.476563 per share of Series C Preferred Stock. This dividend is payable on September 30, 2015 to Series C Preferred Stock shareholders of record as of September 1, 2015.

In accordance with the terms of Annaly’s 7.50% Series D Cumulative Redeemable Preferred Stock, the Board of Directors of Annaly has declared a Series D Preferred Stock cash dividend for the third quarter 2015 of $0.46875 per share of Series D Preferred Stock. This dividend is payable on September 30, 2015 to Series D Preferred Stock shareholders of record as of September 1, 2015.

Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.

Shares of Pinnacle Foods Inc (NYSE:PF), inclined 1.77% to $45.95, during its last trading session.

Pinnacle Foods, stated its financial results for the second quarter ended June 28, 2015 and raised its guidance for full-year adjusted diluted earnings per share to $1.89 to $1.91, representing the high end of its previous $1.86 to $1.91 guidance range.

Merged net sales in the second quarter of 2015 raised 2.3% as compared to year-ago, largely reflecting the benefit of the Gardein acquisition and base business results that were essentially even with year-ago, counting the unfavorable impact of the earlier timing of Easter. Net sales for North America Retail, which is comprised of the Birds Eye Frozen and Duncan Hines Grocery segments, raised 2.0% as compared to year-ago. The earlier timing of Easter in 2015 shifted sales from the second quarter into the first quarter, reducing the second quarter net sales comparisons by about 1%.

GAAP diluted earnings per share totaled $0.37 in the second quarter of 2015, contrast to $0.30 in the year-ago period. Not taking into account items affecting comparability, which are described in the accompanying reconciliation tables, diluted earnings per share advanced 9.1% to $0.36, contrast to $0.33 in the year-ago period.

Pinnacle Foods Inc., through its auxiliaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods.

Finally, AFLAC Incorporated (NYSE:AFL), ended its last trade with 0.11% gain, and closed at $64.18.

Aflac Incorporated’s board of directors has authorized the purchase of up to 40 million shares of its common stock. This authorization is in addition to the 16.0 million shares that remained under a previous authorization as of June 30, 2015, bringing the total number of shares accessible for purchase to about 56.0 million. The company anticipates that the repurchase of shares will be conducted from time to time in open market or negotiated transactions, depending on market conditions.

Aflac Incorporated, through its partner, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, counting cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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