By Marc Lichtenfeld Annaly Capital Management (NYSE: NLY) is one of the most requested stocks in the Safety Net column.
That’s not a shock considering its attractive 9.9% dividend yield. But is that nearly double-digit yield safe?
A year and a half ago, I suggested that despite its “F” rating for dividend safety, Annaly could receive an upgrade if its net interest income (NII) increases to the point where the company can afford its dividend.
NII did not rise – and last May, I pointed out that once again, Annaly had an “F” rating.
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