Annaly’s 11.1 Percent Yield Withstands Fed Tapering
Annaly’s 11.1 Percent Yield Withstands Fed Tapering (MotleyFool.com)
When outgoing U.S. Federal Reserve Chairman Ben Bernanke announced a second reduction to the Fed’s stimulus program on January 29, 2014, there was concern in the markets that interest rates my shoot up dramatically. And that rise would crush many dividend paying stocks. Well, interest rates haven’t moved much since then, and a number of companies continue to offer sweet dividends to investors. Annaly Capital Management, Inc. (NLY) is one of those dividend-paying darlings. This real estate investment trust (REIT) currently offers an 11.1 percent dividend. With NLY announcing its fourth quarter and full-year earnings for 2013 on February 25, 2014, that yield may grow soon.