NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Announces Retirement of Chief Legal Officer.

Annaly Capital just increased its dividend, a sign that the company is on solid financial footing. Falling interest rates could eventually help revive the housing market, making borrowing money less expensive.

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Annaly's dividend yield is 10 times higher than the S&P 500. The mortgage REIT legally must pay out 90% of its taxable income in dividends.

In the latest trading session, Annaly Capital Management (NLY) closed at $23.26, marking a +2.47% move from the previous day.

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Annaly Capital is a mortgage real estate investment trust. The company's dividend yield is an astonishingly high 12.5%.

Annaly Capital Management preferreds offer attractive yields and lower volatility versus common shares, supported by government-guaranteed mortgage assets. NLY's floating preferred F and I series yield about 9.4% and trade near call value, with a yield advantage over the G series. The J series yields 8.7%, cannot be called until 2030, and offers fixed-rate stability if rates decline, making it marginally the best buy.

In the closing of the recent trading day, Annaly Capital Management (NLY) stood at $22.12, denoting a -1.07% move from the preceding trading day.

Annaly Capital boasts a massive dividend yield that demands investor attention. Realty Income's dividend yield is smaller, but it pays out monthly and is growing.