Published on 4 May 2024 on Motley Fool via Yahoo Finance
The most attractive feature of real estate investment trust (REIT) Annaly Capital Management (NYSE: NLY) is its humongous 13.7% dividend yield. That's why most investors will want to buy it, given that the average yield on the S&P 500 Index is about 1.3% and the average REIT is yielding only about 4%, using Vanguard Real Estate ETF (NYSEMKT: VNQ) as a proxy.
But before you get too caught up in the high yield here, you need to understand that the Annaly story is really about total return.
What does Annaly Capital do?