Does Annaly Capital Management (NLY) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Annaly Capital Management (NLY) pays a dividend with an approximate yield of ~13% as of early 2026, typically quarterly. A dividend is a slice of profits returned to shareholders, and the yield is that payout divided by the share price, so it drifts as both change. Figures here are approximate; verify the current number with your broker.
Does Annaly Capital Management (NLY) pay a dividend?
Yes. Annaly Capital Management distributes an approximate ~13% yield (early 2026), usually quarterly. As of July 2026 NLY trades around $22-23 per share, a modest premium to its ~$19.82 Q1 2026 book value. Earnings available for distribution of ~$0.76 covered the dividend, and the net interest spread of ~1.42% (net interest margin ~1.71%) is the key metric to watch quarter to quarter. Trailing-twelve-month revenue was roughly $2.4 billion, but for a levered mortgage REIT book value per share and dividend coverage matter far more than a revenue multiple.
NLY dividend at a glance
| 2026-06-30 | $0.75 |
| 2026-03-31 | $0.7 |
| 2025-12-31 | $0.7 |
| 2025-09-30 | $0.7 |
| 2025-06-30 | $0.7 |
| 2025-03-31 | $0.7 |
NLY dividend data as of July 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with NLY's investor relations page before relying on it.
How to think about NLY's dividend
- Yield is a snapshot: ~13% today, but it moves with price and payout.
- Total return vs income: dividends are one part of return; price change is usually the bigger part for a name like NLY.
- Reinvest or take income: a DRIP compounds; taking the cash gives income now.
- For more yield: dedicated dividend stocks and ETFs target higher payouts. See the best dividend ETFs.
The bottom line on the NLY dividend
Annaly Capital Management (NLY) pays an approximate ~13% dividend, so it offers some income but is held mostly for total return, not yield. For the full picture see the NLY guide. Walnut can show how NLY fits your real portfolio. It is not an investment adviser.
Build a basket around NLY with Walnut
Use Annaly Capital Management as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Does Annaly Capital Management (NLY) pay a dividend?
+
Annaly Capital Management has an approximate dividend yield of ~13% (early 2026). Yields move with price and payout, so treat this as a recent snapshot and verify the current figure with your broker or NLY's investor relations page.
What is NLY's dividend yield?
+
Approximately ~13% as of early 2026 (approximate, verify). Remember a higher yield is not automatically better: it can reflect a falling share price as much as a generous payout.
How often does NLY pay its dividend?
+
US companies that pay dividends, like Annaly Capital Management if it does, typically distribute them quarterly. Confirm the exact schedule and ex-dividend dates on NLY's investor relations page before relying on the timing.
Can I reinvest NLY dividends?
+
Yes. Most brokers offer automatic dividend reinvestment (a DRIP) so any NLY dividend buys more shares automatically. It compounds over time but is still taxable in a taxable account.
Is NLY a good dividend stock?
+
Walnut is informational, not investment advice. With an approximate ~13% yield, NLY is more of an income name. Dedicated dividend stocks and ETFs target higher, steadier yield; match the choice to whether you want income now or growth.
Why is NLY's dividend yield so high?
+
As a REIT, Annaly must distribute the bulk of its taxable income, and it uses leverage to amplify the spread it earns on mortgage assets. That combination produces a yield in the low-teens percent as of July 2026, far above a typical stock, but the payout can change with interest rates and spreads.
Is NLY's dividend safe?
+
No dividend is guaranteed. In Q1 2026 Annaly's earnings available for distribution of ~$0.76 exceeded its dividend, which is a supportive sign, but the company has cut its payout multiple times historically when spreads compressed, so coverage should be watched each quarter.
Walnut is informational, not investment advice. Dividend figures are approximate and dated; verify current yield, schedule, and policy with NLY's investor relations page or your broker.