5 Cheap Dividend Stocks with High Yields

4. Annaly Capital Management, Inc. (NYSE: NLY)

Dividend Yield: 9.6%

Annaly Capital Management, Inc. (NYSE: NLY) is a real estate investment trust company organized in Maryland with its principal office in New York City. The company borrows money through short-term repurchase agreements and reinvests the proceeds in asset-backed securities. It ranks 4th on our list of the 10 cheapest dividend stocks with high yields.

In the first quarter of 2021, Annaly Capital Management, Inc. (NYSE: NLY) brought in revenue valued at $2.05 billion and it has a market cap of $12.68 billion. It also has a forward PE ratio of 8.2. The stock has gained 8.26% in the past 6 months and 11.42% year to date.