Annaly Capital Management, Inc.
S&P 500NLY/Real Estate · REIT - Mortgage/NYSE
Dividend Yield
12.64%
$2.80 · Annual Dividend
Dividend Safety Rating
NLY's dividend shows some areas that warrant monitoring. Strengths include a 90.3% earnings payout ratio & 23.3% net debt / total assets. Areas of concern: 126.8% fcf payout ratio & 647.7% cfo payout ratio. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 13 of 15 metrics
Strengths
- Operating Margin: 81.0%Healthy operating margin provides a wide buffer.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
- Dividend Cut: NoneNo dividend cut in recent history.
Risks
- FCF Payout Ratio: 126.8%Free cash flow is tight relative to the dividend.
- CFO Payout Ratio: 647.7%Operating cash flow leaves little room for the payout.
- Current Ratio: 0.5xLimited short-term liquidity to meet obligations.
Payout & Coverage
WarningBalance Sheet
WarningProfitability
SafeDividend Track Record
CautionAbout Annaly Capital Management, Inc.
Annaly Capital Management, Inc. is a real estate investment trust (REIT) primarily engaged in owning and managing a portfolio of mortgage-backed securities and other mortgage-related assets. The company invests in both residential and commercial mortgage-backed securities, seeking to generate income and dividends for its shareholders by capitalizing on opportunities in the mortgage finance market. Annaly Capital Management operates within the financial services sector, significantly impacting the real estate and housing industries by providing liquidity and funding for residential mortgage loans. The company's key role in the financial markets is its provision of capital to mortgage markets, thus influencing the availability and cost of housing finance. By leveraging its expertise, Annaly manages assets acquired from government-sponsored enterprises like Fannie Mae and Freddie Mac. Founded in 1997 and headquartered in New York, Annaly Capital Management is considered one of the largest and most prominent mortgage REITs in the United States, playing a critical role in sustaining the dynamics of the secondary mortgage market by acquiring and managing mortgage-backed assets.
Dividend Overview
Dividend Yield
12.64%
Annual Dividend
$2.80
Frequency
Quarterly
Payout Ratio
90.32%
FCF Payout Ratio
126.80%
52-Week Range
$18.64 - $24.52
Dividend History (2016–2025)
NLY annual dividend per share and yield history
Earnings & Profitability
NLY earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 31, 2026
Dividend Growth
3-Year Dividend CAGR
-7.34%
5-Year Dividend CAGR
-5.11%
10-Year Dividend CAGR
-5.25%
3-Year Total Growth
-20.45%
5-Year Total Growth
-23.08%
10-Year Total Growth
-41.67%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.