Dividends4Life: Getting Ready To Buy This 11.4%-Yielding Mortgage REIT Again

This Mortgage REIT may soon be a "Buy" again. I am prepared to re-enter into a long position if I can lock in at least a 10 percent discount to BV. It has a thin margin of dividend safety, but has maintained its current dividend payout since the fourth quarter of 2013. An investment in the stock yields 11.4 percent.

Annaly Capital Management, Inc. (NLY) looks increasingly attractive as a high-yield income play in the mortgage REIT sector. Though Annaly Capital Management has a razor thin margin of dividend safety, the dividend is still covered with core earnings, and the company has maintained its dividend payout for many quarters. Shares currently sell for a seven percent discount to the last reported accounting book value. Is now a good time to buy into the mortgage REIT and lock in an eleven percent dividend yield?

Source: Seeking Alpha

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