NLY Dividend Calculator
Annaly Capital Management, Inc. yields 13.83%, more than three times the 2.97% median across US dividend payers. A yield that far above the market is the numerator and denominator moving in opposite directions — and the calculations below take it at face value, which is exactly why the caveats underneath them matter.
NLY paid $2.85 per share over the last twelve months on a quarterly schedule. Enter any amount below, or use the worked figures.
Your investment
NLY
Annaly Capital Management, Inc.
13.83%
yield
Dividend income
$10,000 in NLY pays you
$1,383.50
per year
- Paid each quarter
- $345.87
- Monthly average
- $115.29
- Shares bought
- 485.44
- Payments a year
- 4
Total over 10 years, taken as cash
$13,834.95
Based on the trailing twelve-month dividend, assuming it stays flat. Payments are not guaranteed and can be cut or suspended at any time. Figures are before tax and exclude any change in the share price.
NLY dividend income by investment amount
Based on the current yield of 13.83%. Figures are before tax and assume the dividend stays at its present level.
| Invested | Per year | Per payment | Monthly average |
|---|---|---|---|
| $1,000 | $138.35 | $34.59 | $11.53 |
| $5,000 | $691.75 | $172.94 | $57.65 |
| $10,000 | $1,383.50 | $345.87 | $115.29 |
| $25,000 | $3,458.74 | $864.68 | $288.23 |
| $50,000 | $6,917.48 | $1,729.37 | $576.46 |
| $100,000 | $13,834.95 | $3,458.74 | $1,152.91 |
NLY with dividends reinvested
$10,000 in NLY, every dividend reinvested, holding the payment and share price flat. Deliberately conservative — most calculators assume years of uninterrupted growth, and that assumption drives most of the result.
- After 10 years
- $38,966
- After 20 years
- $151,836
- After 30 years
- $591,645
$23,835 taking the income as cash
$37,670 taking the income as cash
$51,505 taking the income as cash
What makes up NLY's 13.83% yield
NLY paid $2.85 per share over the last twelve months against a share price of $20.60, which is where the 13.83% comes from. Special and one-off distributions are excluded from that figure — they do not recur, and including them would overstate every projection below.
A yield rises for two very different reasons, and they are indistinguishable in the number itself: the company raised its payment, or its share price fell. At more than three times the market median the second explanation is common enough to have a name — the yield trap — and it matters here because every projection on this page multiplies the current yield forward. If the price fell because the market expects the payment to be cut, these figures are calculated from a rate that will not survive.
REITs are required to distribute the large majority of their taxable income to keep their tax status, which is why the yield is high by construction rather than by choice. It also means the payout ratio reads badly against accounting earnings: depreciation charges on property push reported earnings well below the cash actually collected, so the dividend is judged against funds from operations instead.
When NLY pays, and what that changes
NLY pays quarterly, the standard schedule for US-listed payers, so the "per payment" column is one quarter of the annual figure and the "monthly average" column is a smoothed figure rather than a description of when cash arrives — nothing is paid in eight months of the year.
Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. NLY's full schedule and payment history are on its dividend page.
Is NLY's dividend covered by earnings?
NLY's payout ratio of 0.71 means about 71% of earnings are committed to the dividend. That is within earnings but a narrower margin than the sub-0.60 range generally considered comfortable, so a weaker year absorbs more of the cover.
Earnings in a regulated business are unusually steady, which makes this ratio more informative than the same figure struck on cyclical profits — there is less risk that it simply reflects a good year. The corresponding limit is that regulated returns are capped, so the retained portion funds slower growth than an unconstrained business could deliver.
The figures hold the dividend flat, and that assumption carries more weight for NLY than it would for a lower-yielding holding. There is no established record of consecutive annual increases here, and at this yield a modest reduction in the payment changes the ten-year figure substantially.
NLY dividend calculator FAQ
- How much does $10,000 in NLY pay in dividends?
- At NLY's current yield of 13.83%, $10,000 pays about $1,383.50 a year — roughly $345.87 per payment, paid quarterly, or $115.29 a month averaged out.
- What would NLY be worth after 10 years with dividends reinvested?
- Reinvesting every dividend and assuming the payment and share price both stay flat, $10,000 in NLY would grow to about $38,966 after 10 years, against $23,835 if the income were taken as cash. That deliberately assumes no dividend growth — a real holding may do better or considerably worse.
- How often does NLY pay dividends?
- NLY pays quarterly — 4 payments a year — based on its actual payment history rather than an assumed schedule.
- Is NLY's dividend guaranteed?
- No. Dividends are discretionary and can be reduced or suspended at any time, and every figure here is a projection from the current yield rather than a forecast. Check NLY's full payment history before relying on any of it.
- Why is NLY's dividend yield so high?
- NLY yields 13.83% against a 2.97% median across US dividend payers. A yield is a ratio, so it rises either because the payment went up or because the share price came down — and the figure alone does not say which. As a REIT it is required to distribute most of its taxable income, so a high yield is structural here rather than a signal.
More on NLY
Annaly Capital Management, Inc. is a common stock trading at $20.60 per share, paying quarterly. — All figures before tax. Not financial advice.