Is Annaly Capital Management About to Cut Its Dividend Again?

Before you get sucked in by Annaly Capital's huge 13%-plus dividend yield, you'll want to take a look at the risk of a dividend cut. If there's one thing most dividend investors try to avoid at all costs, it is a dividend trap (a high-yield stock that is about to cut its dividend). But that's the past -- what about the future? Well, things aren't exactly rosy today. For example, Annaly's book value (basically the value of its mortgage bond portfolio) rose between the fourth quarter of 2023 and the first qua ...