Annaly Capital Management's EAD Topped Its Dividend for a 9th Straight Quarter. Here's Why That Matters for Its 12.5%+ Yielding Payout.
Annaly's rising EAD is supporting another dividend increase.
Overview
Annaly Capital Management (NYSE: NLY) towers above most dividend stocks. The real estate investment trust (REIT) currently has a dividend yield of more than 12.5%. That's over 10 times higher than the S&P 500's current yield of around 1.1%.
A double-digit dividend yield is usually a bright red flag for income investors. However, that's not the case with the mortgage REIT's big-time payout. That's because the one metric that matters most for its dividend continues to top its payout.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.