Before You Buy Annaly Capital: Here's a High-Dividend Stock I'd Buy First
With a yield hovering near 16% at recent prices, mortgage real estate investment trust (REIT) Annaly Capital Management (NYSE: NLY) is one of the most eye-catching dividend stocks in the market today.
A yield this high may seem alluring, especially when the broader market is down and inflation is running rampant. But the risk isn't necessarily worth the reward, especially when there are far safer high-dividend stocks to choose from -- like Innovative Industrial Properties (NYSE: IIPR). This cannabis REIT's dividend yield may be half of Annaly's, around 8%, but its risk is far less, too.
Here's a closer look at both companies and why Innovative Industrial Properties is the better buy.
Source Fool.com