Is Annaly Capital in Line for a Dividend Cut in 2023?
The decades-high inflation we're seeing today, coupled with a slowing economy, has resulted in the average stock losing nearly a fifth of its capitalization over the last 12 months.
Many investors, subsequently, try to offset their losses by turning to high-yield dividend stocks. The mortgage real estate investment trust (mREIT) Annaly Capital Management (NYSE: NLY) is one of the highest-yielding stocks in the market today, paying a juicy 16% dividend yield.
A double-digit yield is attractive, but there are several risks for investors to consider before buying, including a potential dividend cut in the coming year.
Source Fool.com
