Annaly Capital Management (NYSE: NLY) is an alluring dividend stock. The mortgage-focused real estate investment trust (REIT) currently yields around 13%, 10 times higher than the S 500's dividend yield (1.3%).

However, investors should forget about Annaly Capital. Its big-time dividend will likely continue falling in the future. Instead, they should buy the unstoppable dividends of NNN REIT (NYSE: NNN) and Vici Properties (NYSE: VICI).

Annaly Capital hasn't been the most reliable dividend stock over the years. The mortgage REIT has cut its payout several times, including by more than 25% in early 2023 (from $0.88 to $0.65 per share). It had to reduce its dividend due to the decline in its earnings available for distribution, which fell from $1.14 per share at the end of 2021 to $0.89 per share by the end of 2022.

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Source Fool.com