NLY Dividend History & Analysis | 13.8% Yield

NLY has a dividend yield of 13.8% and paid 2.8 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 13.76%
Payout Ratio 96.6%
Growth Rate CAGR 5y 33.56%
Consistency Lifetime 88.5%
Yield on Cost 5y 16.33%
Payout FCF 90.2%
Streak Years 28
Dividend Rating 91.39%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 39.2%
Total Return 5y: 39.9%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,147 M 18.0% 20.9%
AGNC 12,712 M 14.8% 18.9%
MFA 1,027 M 15.1% 18.2%
EFC 1,487 M 11.8% 20.4%
PMT 1,171 M 13.1% 16.7%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
MFA 1,027 M 39.1% 86.6%
IVR 638 M 40.9% 84.4%
ARR 2,067 M 24.5% 81.7%
TWO 1,417 M 24.4% 85.8%
ORC 1,531 M 16.6% 84.3%

NLY Dividend History: Last 50 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-31 2025-12-31 2026-01-30 Quarterly 0.7 0% 3.14%
2025-09-30 2025-09-30 2025-10-31 Quarterly 0.7 0% 3.46%
2025-06-30 2025-06-30 2025-07-31 Quarterly 0.7 0% 3.72%
2025-03-31 2025-03-31 2025-04-30 Quarterly 0.7 7.7% 3.54%
2024-12-31 2024-12-31 2025-01-31 Quarterly 0.65 0% 3.58%
2024-09-30 2024-09-30 2024-10-31 Quarterly 0.65 0% 3.25%
2024-06-28 2024-06-28 2024-07-31 Quarterly 0.65 0% 3.39%
2024-03-27 2024-03-28 2024-04-30 Quarterly 0.65 0% 3.4%
2023-12-28 2023-12-29 2024-01-31 Quarterly 0.65 0% 3.28%
2023-09-28 2023-09-29 2023-10-31 Quarterly 0.65 0% 3.49%
2023-06-29 2023-06-30 2023-07-31 Quarterly 0.65 0% 3.25%
2023-03-30 2023-03-31 2023-04-28 Quarterly 0.65 -26.1% 3.46%
2022-12-29 2022-12-30 2023-01-31 Quarterly 0.88 0% 4.17%
2022-09-29 2022-09-30 2022-10-31 Quarterly 0.88 300% 4.79%
2022-06-29 2022-06-30 2022-07-29 Quarterly 0.22 0% 3.7%
2022-03-30 2022-03-31 2022-04-29 Quarterly 0.22 0% 3.06%
2021-12-30 2021-12-31 2022-01-31 Quarterly 0.22 0% 2.75%
2021-09-29 2021-09-30 2021-10-29 Quarterly 0.22 0% 2.55%
2021-06-29 2021-06-30 2021-07-30 Quarterly 0.22 0% 2.44%
2021-03-30 2021-03-31 2021-04-30 Quarterly 0.22 0% 2.56%
2020-12-30 2020-12-31 2021-01-29 Quarterly 0.22 0% N/A
2020-09-29 2020-09-30 2020-10-30 Quarterly 0.22 0% N/A
2020-06-29 2020-06-30 2020-07-31 Quarterly 0.22 -12% N/A
2020-03-30 2020-03-31 2020-04-30 Quarterly 0.25 0% N/A
2019-12-30 2019-12-31 2020-01-31 Quarterly 0.25 0% N/A
2019-09-27 2019-09-30 2019-10-31 Quarterly 0.25 0% N/A
2019-06-27 2019-06-28 2019-07-31 Quarterly 0.25 -16.7% N/A
2019-03-28 2019-03-29 2019-04-30 Quarterly 0.3 0% N/A
2018-12-28 2018-12-31 2019-01-31 Quarterly 0.3 284.6% N/A
2018-09-27 2018-09-28 2018-10-31 Quarterly 0.078 -64.9% N/A
2018-09-05 2018-09-06 2018-09-10 Quarterly 0.222 -26% N/A
2018-06-28 2018-06-29 2018-07-31 Quarterly 0.3 0% N/A
2018-03-28 2018-03-29 2018-04-30 Quarterly 0.3 0% N/A
2017-12-28 2017-12-29 2018-01-31 Quarterly 0.3 0% N/A
2017-09-28 2017-09-29 2017-10-31 Quarterly 0.3 0% N/A
2017-06-28 2017-06-30 2017-07-31 Quarterly 0.3 0% N/A
2017-03-29 2017-03-31 2017-04-28 Quarterly 0.3 0% N/A
2016-12-28 2016-12-30 2017-01-31 Quarterly 0.3 13.6% N/A
2016-09-28 2016-09-30 2016-10-31 Quarterly 0.264 633.3% N/A
2016-07-07 2016-07-11 2016-07-14 Quarterly 0.036 -88% N/A
2016-06-28 2016-06-30 2016-07-29 Quarterly 0.3 0% N/A
2016-03-29 2016-03-31 2016-04-29 Quarterly 0.3 0% N/A
2015-12-29 2015-12-31 2016-01-29 Quarterly 0.3 0% N/A
2015-09-28 2015-09-30 2015-10-30 Quarterly 0.3 0% N/A
2015-06-26 2015-06-30 2015-07-31 Quarterly 0.3 0% N/A
2015-03-27 2015-03-31 2015-04-30 Quarterly 0.3 0% N/A
2014-12-29 2014-12-31 2015-01-29 Quarterly 0.3 0% N/A
2014-09-29 2014-10-01 2014-10-31 Quarterly 0.3 0% N/A
2014-06-27 2014-07-01 2014-07-31 Quarterly 0.3 0% N/A
2014-03-28 2014-04-01 2014-04-30 Quarterly 0.3 0% N/A

NLY Dividend FAQ

Annaly Capital Management, Inc. (NYSE:NLY) is a diversified capital manager that operates primarily in the mortgage-finance sector. The firm’s investment portfolio includes agency mortgage-backed securities (MBS) backed by residential mortgages, non-agency residential whole loans and securitized products, mortgage servicing rights (MSRs), agency commercial MBS, forward contracts, residential mortgage loans, and credit-risk-transfer securities. Structured as a real-estate investment trust (REIT), NLY avoids federal income tax on earnings it distributes to shareholders, aligning its cash-flow needs with dividend payouts.

What is the Dividend Yield of NLY?

As of January 2026, NLY`s dividend yield is 13.76%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.80 USD by the current share price of 24.00.

Does NLY pay a dividend?

As of January 2026, NLY paid a dividend of 2.80 USD in the last 12 months. The last dividend was paid on 2025-12-31 and the payout was 0.7 USD.

How often does NLY pay dividends?

NLY pays dividends quarterly. Over the last 12 months, NLY has issued 4 dividend payments. The last dividend payment was made on 2025-12-31.

NLY dividend forecast

Based on historical data, the forecasted dividends per share for NLY for the next 4 payments are between 0.462 (-34.0%) and 0.481 (-31.3%).
This represents a significant dividend cut compared to the last payment.

Will NLY pay dividends in 2026?

The latest dividend paid per share was 0.7 USD with an Ex-Dividend Date of 2025-12-31. The next Ex-Dividend date for Annaly Capital (NLY) is currently unknown.

What is the next Ex-Dividend Date for NLY?

The next Ex-Dividend date for Annaly Capital (NLY) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of NLY?

NLY's average dividend growth rate over the past 5 years is 33.6% per year.
Strong growth: NLY's Dividend growth is outpacing inflation.

What is the Yield on Cost of NLY?

NLY's 5-Year Yield on Cost is 16.3%. If you bought NLY's shares at 17.15 USD five years ago, your current annual dividend income (2.80 USD per share, trailing 12 months) equals 16.3% of your original purchase price.

What is the Payout Consistency of NLY?

NLY Payout Consistency is 88.5%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Annaly Capital has a good track record of consistent dividend payments over its lifetime.

Does NLY have a good Dividend Yield?

NLY`s 13.76% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of NLY?

The Dividend Payout Ratio of NLY is 96.6%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of NLY?

NLY`s Overall Dividend Rating is 91.39%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NLY Outstanding Shares Analysis

What is the Trend in NLY's Outstanding Shares?

Annaly Capital's outstanding shares have increased by approximately 11.62% annually over the past 3 years (Trend Reliability: 100.0%).

Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has NLY ever had a Stock Split?

Yes, the last stock split was on Sep 26, 2022 with a ratio of 1:4.

This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

Year Number of Shares Annual Growth Rate
1997 2,975,000
1998 3,257,600 +9.5%
1999 3,492,800 +7.22%
2000 5,628,600 +61.15%
2001 19,254,400 +242.08%
2002 21,209,300 +10.15%
2003 28,201,000 +32.97%
2004 30,391,100 +7.77%
2005 30,923,500 +1.75%
2006 56,482,000 +82.65%
2007 113,241,900 +100.49%
2008 137,137,800 +21.1%
2009 143,964,900 +4.98%
2010 197,748,500 +37.36%
2011 252,647,200 +27.76%
2012 254,481,500 +0.73%
2013 236,864,700 -6.92%
2014 236,903,900 +0.02%
2015 236,331,500 -0.24%
2016 254,812,800 +7.82%
2017 288,034,700 +13.04%
2018 328,594,400 +14.08%
2019 357,769,800 +8.88%
2020 350,057,200 -2.16%
2021 363,852,900 +3.94%
2022 468,250,700 +28.69%
2023 499,871,700 +6.75%
2024 570,652,000 +14.16%
2025 622,768,500 +9.13%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-01-27 02:40