Trailing Dividend / Share
$2.94
Annaly Capital Management, Inc. (NLY) Dividend History
Income profile from 1997 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
13.2%
Payout Ratio
92.8%
At Risk
Dividend Streak
1 years
NLY Dividend Income Check
Safety
92.8% payout ratio with at risk safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 8.5% and trend is falling.
NLY Dividend Scorecard
Yield & Income
Dividend Yield13.2%
Trailing DPS$2.94
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout92.8%
Earnings SafetyAt Risk
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score5/9
Growth
Growth Streak1 years
3Y CAGR-7.3%
5Y CAGR-5.1%
Yield on Cost (5Y)8.5%
YOC Trendfalling
Total Returns
Buyback Yield0.1%
Total Shareholder Yield13.3%
1Y Total Return30.4%
5Y Total Return2.2%
Div Contribution (5Y)41.0%
Estimated $10K growth (return + dividends):
5Y ago$10,21810Y ago$13,79620Y ago$26,596
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
NLY Income Growth Story
Dividend per share and yield on cost over time (30 years of payments)
NLY Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Annaly Capital Management, Inc. distributes 92.8% of earnings as dividends (At Risk).
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
NLY has raised its dividend for 1 consecutive year, with a 3-year CAGR of -7.3% and 5-year CAGR of -5.1%.
Total Shareholder Returns
Beyond cash dividends, NLY returns capital through share repurchases. The combined picture: 13.2% dividend yield, 0.1% buyback yield, 13.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.5% and is currently falling. The 5-year total return is 2.2%, with dividends contributing 41.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,796 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
NLY Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$14.73
Avg/Payment$0.7365
Latest Change+7.1%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.7500 | ↑ +7.1% | 12.87% | Jul 31, 2026 |
| Mar 31, 2026 | $0.7000 | — | 13.24% | Apr 30, 2026 |
| Dec 31, 2025 | $0.7000 | — | 12.52% | Jan 30, 2026 |
| Sep 30, 2025 | $0.7000 | — | 13.61% | Oct 31, 2025 |
| Jun 30, 2025 | $0.7000 | — | 14.35% | Jul 31, 2025 |
| Mar 31, 2025 | $0.7000 | ↑ +7.7% | 13.05% | Apr 30, 2025 |
| Dec 31, 2024 | $0.6500 | — | 14.21% | Jan 31, 2025 |
| Sep 30, 2024 | $0.6500 | — | 12.95% | Oct 31, 2024 |
NLY Dividend vs Peers
Comparable companies in the same industry
#8 yield in peer group
Div Yield
13.2%
#8 of 9
Safety
At Risk
92.8% payout
Streak
1Y
-5.1% 5Y CAGR
Total Shareholder
13.3%
#9 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| NLYAnnaly Capital Manag… | $16.0B | 13.2% | 92.8% | 1 | At Risk |
 AGNCAGNC Investment Corp… | $11.7B | 15.1% | 95.9% | 0 | At Risk |
 TWOTwo Harbors Investme… | $1.3B | 13.3% | — | 0 | Unknown |
2nd  MFAMFA Financial, Inc. | $973M | 18.8% | 1.1% | 1 | Sustainable |
 RITMRithm Capital Corp. | $5.1B | 12.4% | 94.4% | 0 | At Risk |
1st  IVRInvesco Mortgage Cap… | $575M | 20.2% | 1.1% | 0 | Sustainable |
 DXDynex Capital, Inc. | $2.0B | 15.1% | 77.3% | 2 | Watch |
3rd  ARRARMOUR Residential R… | $2.1B | 17.9% | 87.8% | 0 | At Risk |
 PMTPennyMac Mortgage In… | $892M | 15.6% | 1.1% | 1 | Sustainable |
NLY Annual Dividend History (1997–2026)
30 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.45 | — | 2 | — | — | — | 4.4% |
| 2025 | $2.80 | 7.7% | 4 | $2.92 | 95.9% | 1.04x | 8.5% |
| 2024 | $2.60 | 0.0% | 4 | $1.62 | 160.5% | 0.62x | 7.9% |
| 2023 | $2.60 | -26.1% | 4 | $-3.61 | — | — | 7.9% |
| 2022 | $3.52 | 0.0% | 4 | $3.92 | 89.8% | 1.11x | 10.7% |
| 2021 | $3.52 | -3.3% | 4 | $6.39 | 55.1% | 1.82x | 10.7% |
| 2020 | $3.64 | -13.3% | 4 | $-2.92 | — | — | 11.1% |
| 2019 | $4.20 | -12.5% | 4 | $-6.41 | — | — | 12.8% |
| 2018 | $4.80 | 0.0% | 5 | $-0.25 | — | — | 14.6% |
| 2017 | $4.80 | 0.0% | 4 | $5.48 | 87.6% | 1.14x | 14.6% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into NLY consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
29+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
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NLY — Frequently Asked Questions
Quick answers to the most common questions about buying NLY stock.
How much dividend does NLY pay per share?
Annaly Capital Management, Inc. (NLY) pays a trailing 12-month dividend of $2.94 per share, with a current dividend yield of +13.2%. Payments are made Semi-Annual.
When is NLY's next ex-dividend date?
NLY's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. NLY typically pays dividends Semi-Annual.
Is NLY's dividend safe?
NLY's dividend safety is rated "At Risk" based on an earnings payout ratio of +92.8% and FCF payout ratio of N/A. The 1-year growth streak provides moderate confidence.
How many years has NLY increased its dividend?
NLY has 1 consecutive years of dividend growth. The 5-year dividend CAGR is -5.1%.
How often does NLY pay dividends?
Annaly Capital Management, Inc. pays dividends Semi-Annual. The trailing 12-month total is $2.94 per share. Dividend data on this page covers 29+ years from 1997 to 2026.
How much would $10,000 invested in NLY grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in NLY five years ago would be worth approximately $10,218 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is NLY's yield on cost for long-term holders?
NLY's yield on cost — the current dividend divided by the original purchase price — is +8.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +13.2% market yield, thanks to the lower original cost basis.