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Annaly Capital Management (NYSE: NLY) offers investors a big-time dividend yield. It was recently approaching 13%, nearly 10 times higher than the S&P 500‘s dividend yield.
Here’s a closer look at the mortgage real estate investment trust (REIT)‘s payment and whether investors can bank on its high-yield dividend.
Annaly’s current dividend payment is $0.65 per share each quarter ($2.60 annualized). With its share price recently around $20 per share, its dividend yield is in the double digits.