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Dividend Yield: 16.5%
Market Cap: $10.2 billion
Annaly Capital Management (NLY) is a real estate investment trust (REIT) that deals mainly in mortgage-backed securities. Though there is a lot of uncertainty around these instruments that started the mess on Wall Street in late 2008, Annaly is showing signs of stability with consistent earnings growth in each of the past four quarters.
It seems a safe bet that the company will keep its dividend intact with a steady stream of cash. However, we've learned that nothing is a sure thing on Wall Street especially when it comes to mortgages and other debt instruments.
At the time of this writing, the author did not own shares of NLY.
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