Cramer Hits The Sell Button Again On Annaly Capital (NLY)

Today, Jim Cramer informed his ActionAlertsPlus.com readers that he was selling 2,500 shares of the remaining 5,000 shares he had left in Annaly Capital Management (NYSE: NLY). Cramer is concerned with the cost of using margin for Annaly. Additionally, Cramer said the 11.5% dividend yield is not enough of a reason to hang on to Annaly.

Cramer previously sold stock of Annaly on March 6th, and on Stop Trading later that day, Cramer said he'd buy Annaly if another stock offering was announced.

To sum up, Cramer only has 2,500 shares of Annaly, he previously owned 15,000 shares. [jt]

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