Annaly Capital Management, Inc.
NLYReal Estate · Stock · quarterly payer
$21.27
Add to PortfolioForward Yield
13.16%
Annual Dividend
$2.80
Payout Ratio
90%
5-Yr Growth
-4.5%
Ex-Date
Mar 31, 2026
Frequency
Quarterly
NLY Dividend Safety Score
51/ 100
Grade C
Borderline
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage90% of earnings paid out
Balance-sheet strengthDebt/equity of 7.33
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is NLY a good dividend stock?
MixedAnnaly Capital Management, Inc. (NLY) pays a quarterly dividend yielding 13.16% ($2.80/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (90%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.16%
- Payout Ratio
- 90%
- Annual Dividend
- $2.80
- 5-Yr Avg Growth
- -4.5%
- Ex-Dividend Date
- Mar 31, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.25
- Market Cap
- $15.6B
- P/E Ratio
- 6.9
- 5-Yr Total Return
- -40%
- 52-Week Range
- $18.64 – $24.52
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 31, 2026 | — | $0.7000 | regular |
| Dec 31, 2025 | — | $0.7000 | regular |
| Sep 30, 2025 | — | $0.7000 | regular |
| Jun 30, 2025 | — | $0.7000 | regular |
| Mar 31, 2025 | — | $0.7000 | regular |
| Dec 31, 2024 | — | $0.6500 | regular |
| Sep 30, 2024 | — | $0.6500 | regular |
| Jun 28, 2024 | — | $0.6500 | regular |
| Mar 27, 2024 | — | $0.6500 | regular |
| Dec 28, 2023 | — | $0.6500 | regular |
| Sep 28, 2023 | — | $0.6500 | regular |
| Jun 29, 2023 | — | $0.6500 | regular |
| Mar 30, 2023 | — | $0.6500 | regular |
| Dec 29, 2022 | — | $0.8800 | regular |
Income Calculator
At $2.80 / yr per share
Per payment (quarterly)$70.00
Annual$280.00
Monthly avg$23.33
