5 Highest Yielding Dividend Stocks You Can Buy

In this article, we discuss 5 highest-yielding dividend stocks you can buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 15 Highest Yielding Dividend Stocks You Can Buy. 

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

Dividend Yield as of February 20: 16.30%

Annaly Capital Management, Inc. (NYSE:NLY) is one of America’s largest mortgage real estate investment trust companies. The REIT reinvests in asset-backed securities. In the fourth quarter of 2022, the company reported revenue of $135 million and had $80.6 billion in total assets. Its book value per common share for the quarter came in at $20.79.

On December 8, Annaly Capital Management, Inc. (NYSE:NLY) declared a quarterly dividend of $0.88 per share, which fell in line with its previous dividend. The stock has a dividend yield of 16.30%, as of February 20. It is among the highest-yielding dividend stocks on our list.

In January, Barclays raised its price target on Annaly Capital Management, Inc. (NYSE:NLY) to $24 with an Overweight rating on the shares. The firm presented a neutral stance on the consumer finance sector.

At the end of Q3 2022, 21 hedge funds in Insider Monkey’s database owned stakes in Annaly Capital Management, Inc. (NYSE:NLY), down from 24 in the previous quarter. The collective value of these stakes is over $320.1 million.