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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): Annaly Capital Management, Inc. (NLY) pays a $2.85 annual dividend ($0.75 quarterly), yielding 16.28% at $18.23/share. Next ex-dividend date 2026-09-30. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 16.28%
Annual Dividend: $2.85 per share
Payout Ratio: 69.8%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 30
Annaly Capital Management, Inc. dividend income comes from one of the largest mortgage REITs in the United States, investing across agency and non-agency mortgage-backed securities, residential mortgage loans, and mortgage servicing rights. NLY currently pays a 13.54% yield, with a trailing annual dividend rate of $2.85 per share paid quarterly. The next ex-dividend date is September 30, 2026, and the last declared quarterly payment was $0.75 per share. With a beta of 1.238, NLY carries above-average price volatility, making it a fit for income-focused investors who can tolerate share price swings in exchange for a high yield.
Annaly Capital Management, Inc. pays out 71.1% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by NLY's REIT structure, which requires distributing the majority of taxable earnings to shareholders in exchange for exemption from federal corporate income tax. Annaly Capital Management, Inc. dividend safety faces pressure from the fact that the dividend per share has declined from $4.16 in 2007 to $2.85 today, and the history table shows multiple year-over-year reductions, meaning the payout has not been immune to cuts when earnings conditions shifted.
Annaly Capital Management, Inc. dividend history shows a CAGR of -2.2% per year from 2007 to 2025. Per-share payments fell from $4.16 at the start of the window to $2.80 by 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 100.0% in 2008, but the overall trend has been downward, and the history includes at least one year-over-year decline exceeding 5%, which is the defining characteristic of NLY's growth profile.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -7.3% | $3.52 (2022) | $2.80 (2025) |
| 5-Year | -5.1% | $3.64 (2020) | $2.80 (2025) |
| 10-Year | -5.2% | $4.80 (2015) | $2.80 (2025) |
NLY fits income-focused investors who prioritize yield over dividend growth. The current yield is high (above 4%), sitting at 13.54%, though that is modestly below the 5-year average yield of 14.29%, which means the stock is not offering an unusually elevated yield relative to its own history. The REIT structure mandates large distributions, which supports the income thesis, but the long-term CAGR of -2.2% per year makes clear that the per-share payout has eroded over time. An investor in Annaly Capital Management, Inc. stock receives a high current income stream and accepts the trade-off of a dividend that has historically declined in per-share terms.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.7500 |
| 2026-06-30 | $0.7500 |
| 2026-03-31 | $0.7000 |
| 2025-12-31 | $0.7000 |
| 2025-09-30 | $0.7000 |
| 2025-06-30 | $0.7000 |
| 2025-03-31 | $0.7000 |
| 2024-12-31 | $0.6500 |
| 2024-09-30 | $0.6500 |
| 2024-06-28 | $0.6500 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2000 |
| 2025 | $2.8000 |
| 2024 | $2.6000 |
| 2023 | $2.6000 |
| 2022 | $3.5200 |
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