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NLY - Is Annaly Capital Management About to Cut Its Dividend Again?
Annaly Capital Management Inc
2024-06-03 05:35:00 ET
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).
Annaly Capital Management (NYSE: NLY) , with its ultra-high 13% dividend yield, is flashing some important warning signs that it's about to spring its trap.
Here's what you need to know before you buy Annaly Capital Management stock thinking you've found a reliable dividend stock for your portfolio.