This 12.5%-Yielding Dividend Stock is Hiking its Payment by Another 7.1%. Time to Buy?
Annaly Capital Management is raising its dividend for the second time in the last 18 months.
This 12.5%-Yielding Dividend Stock is Hiking its Payment by Another 7.1%. Time to Buy?
Overview
Annaly Capital Management (NYSE: NLY) already offers a monster 12.7% dividend yield. That's more than 10 times higher than the S&P 500's 1.1% yield. It's now boosting that payout by another 7.1%.
Here's a look at how the real estate investment trust (REIT) focused on residential mortgages can afford its big-time yield and whether investors should buy it for income.
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Originally published at www.fool.com.
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