Meet the 14% Yield Dividend Stock That Raised Its Payout Recently
If you go sifting the market for ultra-high-yield dividend payers, it won't take long before you land on Annaly Capital Management (NYSE: NLY). The stock offers a dividend yield above 14% at recent prices. That's more than 10 times higher than the average dividend payer in the benchmark S&P 500 (SNPINDEX: ^GSPC).Stocks generally don't offer yields at double-digit percentages unless investors are concerned their underlying businesses won't be able to meet their dividend commitment. Annaly Capital recently did the unthinkable. Even though its yield seems unsustainable, the company raised its quarterly payout by 7.7% this March to $0.70 per share.With its yield so high, it will take a little over five years before Annaly returns your entire principal investment. On the surface, this seems like a no-brainer stock to buy for income seekers, but there are a few things you should know about real estate investment trusts (REITs) that don't own real estate.Continue reading
If you go sifting the market for ultra-high-yield dividend payers, it won't take long before you land on Annaly Capital Management (NYSE: NLY). The stock offers a dividend yield above 14% at recent prices. That's more than 10 times higher than the average dividend payer in the benchmark S&P 500 (SNPINDEX: ^GSPC).
Stocks generally don't offer yields at double-digit percentages unless investors are concerned their underlying businesses won't be able to meet their dividend commitment. Annaly Capital recently did the unthinkable. Even though its yield seems unsustainable, the company raised its quarterly payout by 7.7% this March to $0.70 per share.
With its yield so high, it will take a little over five years before Annaly returns your entire principal investment. On the surface, this seems like a no-brainer stock to buy for income seekers, but there are a few things you should know about real estate investment trusts (REITs) that don't own real estate.
