Annaly Capital Management (FRA:AAYA) Dividend Payout Ratio: 2.12 (As of Mar. 2026) — 141% Above Median

What is Annaly Capital Management Dividend Payout Ratio?

Annaly Capital Management FRA:AAYA -0.71% 24 Dividend Payout Ratio is 2.12 as of Mar. 2026, which is 141% above its 10-year median of 0.88. GuruFocus rates FRA:AAYA with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 714 REITs companies, Annaly Capital Management ranks better than 55.04% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Annaly Capital Management's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.12.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Annaly Capital Management Inc is 0.95, which seems too high.

The historical rank and industry rank for Annaly Capital Management's Dividend Payout Ratio or its related term are showing as below:

FRA:AAYA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.88 Max: 1.61
Current: 0.95

During the past 13 years, the highest Dividend Payout Ratio of Annaly Capital Management was 1.61. The lowest was 0.49. And the median was 0.88.

FRA:AAYA's Dividend Payout Ratio is ranked better than
55.04% of 714 companies
in the REITs industry
Industry Median: 0.99 vs FRA:AAYA: 0.95

As of today (2026-07-02), the Dividend Yield % of Annaly Capital Management is 12.50%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Annaly Capital Management was 24.88%. The lowest was 9.31%. And the median was 12.32%.

Annaly Capital Management's Dividends per Share for the months ended in Mar. 2026 was €0.61.

During the past 12 months, Annaly Capital Management's average Dividends Per Share Growth Rate was 5.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -7.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -7.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Annaly Capital Management was 64.60% per year. The lowest was -33.60% per year. And the median was -6.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Annaly Capital Management (FRA:AAYA) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Annaly Capital Management Dividend Payout Ratio Related Terms

Annaly Capital Management Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Annaly Capital Management's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Annaly Capital Management Dividend Payout Ratio Chart

Annaly Capital Management Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.49

0.88

0.00

1.61

0.96

Annaly Capital Management Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															4.66	23.35	0.58	0.50	2.12

FRA:AAYA vs AGNC, STWD, RITM: Dividend Payout Ratio Comparison

For the REIT - Mortgage subindustry, Annaly Capital Management's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annaly Capital Management Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Annaly Capital Management's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Annaly Capital Management's Dividend Payout Ratio falls into.

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Annaly Capital Management Inc FRA:AAYA

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Annaly Capital Management Dividend Payout Ratio Calculation

Annaly Capital Management's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.391	/	2.494
	=	0.96

Annaly Capital Management's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.605	/	0.285
	=	2.12

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.12 mean?

Annaly Capital Management (FRA:AAYA) has a Dividend Payout Ratio of 2.12 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Annaly Capital Management and its competitors. This is 141% above median its historical median of 0.88. Over the past decade, Annaly Capital Management's Dividend Payout Ratio has ranged from 0.49 to 1.61. According to the industry distribution chart, Annaly Capital Management ranks #321 out of 714 companies in the REITs industry, placing it in the top 45%.

Is Annaly Capital Management's Dividend Payout Ratio too high?

Annaly Capital Management's current Dividend Payout Ratio of 2.12 is 141% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.61. The REITs industry median Dividend Payout Ratio is 0.99. Annaly Capital Management's value of 2.12 is 114.1% above this industry median. Based on the distribution chart, Annaly Capital Management ranks #321 out of 714 companies in the REITs industry, which is above the industry midpoint. Overall, Annaly Capital Management has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.

How does Annaly Capital Management's Dividend Payout Ratio compare to AGNC and STWD?

According to the REITs industry distribution chart, Annaly Capital Management ranks #321 out of 714 companies for Dividend Payout Ratio. This puts Annaly Capital Management in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Annaly Capital Management's value of 2.12 is 114.1% above this benchmark. Historically, Annaly Capital Management's own Dividend Payout Ratio has ranged from 0.49 to 1.61 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.99, Annaly Capital Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Annaly Capital Management's current Dividend Payout Ratio of 2.12 is 114.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Annaly Capital Management and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Annaly Capital Management's current Dividend Payout Ratio is 2.12, which is 141% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Annaly Capital Management stock overvalued right now?

Annaly Capital Management (FRA:AAYA) has a current Dividend Payout Ratio of 2.12. The current Dividend Payout Ratio is 2.12, which is 141% above median its 10-year median of 0.88 and 114.1% above the REITs industry median of 0.99. Annaly Capital Management's overall GF Score™ is 24/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Annaly Capital Management (FRA:AAYA), the current Dividend Payout Ratio is 2.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Annaly Capital Management Business Description

Industry Real Estate REITs

Comparable Companies AGNC STWD RITM BXMT DX ARR EFC ARI ORC LADR BSP:KNCR11 TWO CIM ABR MFA PMT ADAM IVR BRSP TRTX

Other Exchanges NLYpI.PFD:USA NLYpG.PFD:USA NLYpF.PFD:USA NLY:USA AAYA:Germany N2LY34:Brazil

Address 1211 Avenue of the Americas, New York, NY, USA, 10036

Website https://www.annaly.com

Annaly Capital Management Inc is an American mortgage real estate investment trust. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are: the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.

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