Annaly Capital Management Inc.: dividend

NLYNYSEReal estate · Real Estate Investment Trusts

Price

$17.65

November 13, 2026Market cap $13.9B

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What Ploutos Investor adds for Annaly Capital Management

Part of Ploutos Investor, €9.99 a month

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.
  • Earnings per share here are the last twelve months' earnings over today's shares, so they agree with the P/E. The number of shares changed a lot during the year, so they differ from the earnings per share the company filed, which use the year's average number of shares.

Yield

16.43%

$2.90 per share over the last 12 months, at a price of $17.65.

Forward yield17.00%($0.75 a quarter)

FCF coverThe year's free cash flow was 1.6 times the dividend it paid.
1.6x
Payout192% of the last 12 months' earnings went to the dividend.
192%
No cutYears in a row without a cut, in 17 years of figures.
2
5-year growthAverage yearly growth over the last five years.
-10.3%

The dividend year by year

What it paid per share each fiscal year, how much that changed, and the yield it gave at the price at year end.

-10.3% a year over 4 years
  • 2025
    Dividend per share$2.80
  • 2024
    Dividend per share$2.60
  • 2023
    Dividend per share$2.60

Each fiscal year's dividend as the company states it in its filings, adjusted for stock splits. Special dividends count in the year they were paid.

The dividend year by year

NLY's dividend per share each fiscal year, from 2009 to 2022, 14 more fiscal years

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Everything it returns to shareholders

The dividend is one way. The other is buybacks, which reduce the number of shares.

Dividend yield

16.43%

$164.30 a year per $1,000 of shares

Buybacks

–

The share count rose by 24.2% over the year, so more shares were issued than bought back.

Total returned

16.43%

$164.30 a year per $1,000 of shares

NLY beside the other dividend payers

Where it stands among this week's 968 dividend payers, and in the Real estate sector. The dot is the company, the white line the median.

Dividend yield16.43%

Among the highest on the list · median 2.03%

In Real estate: above 95%, median 4.39%.

Covered by free cash flow1.6x

Above 20% of the payers · median 3.6x

In Real estate: above 77%, median 1.2x.

Dividend growth, 5 years-10.3%

Among the lowest on the list · median +6.3%

In Real estate: above 0%, median +4.4%.

Share of earnings paid out192%

Among the highest on the list · median 35%

In Real estate: above 90%, median 63%.

Yield, cover and years without a cut for almost 1,000 stocks, in one table.The table

The full analysis

What do Annaly Capital Management's filings show?

The dividend is one part of Annaly Capital Management's picture. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NLY's dividend

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What is NLY's dividend yield?

Annaly Capital Management paid $2.90 per share over the last 12 months. At a price of $17.65, that is a yield of 16.43%.

Does NLY cover its dividend with the cash it makes?

Yes, over the last year. Annaly Capital Management's free cash flow was 1.6 times the dividend it paid.

Has NLY ever cut its dividend?

Annaly Capital Management has not cut its dividend for 2 years, in the 17 years of figures we hold.

How much has NLY's dividend grown?

Annaly Capital Management's dividend per share changed by -10.3% a year on average over the last five years.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.GlossaryEvery figure in plain words: what it is, how it is worked out, how to read it.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.