US · USD

NLY

Annaly Capital Management, Inc.

$18.27-1.24% (-$0.23)Updated 10/5/26, 5:29 PM

Day's range: $18.25 – $18.63
Day's volume: $281.5M
52-week range: $17.87 – $22.86

Follow NLY in the Fuolio

See how NLY weighs in your net worth, what it has paid you and how far it is from your target allocation.

Create a free account

NLY in numbers

Market cap: $13.8B

P/E: 4.63

P/B: 0.81

Dividend yield (12m): 15.87%

The 12-month dividend yield of NLY is 15.87%, above its 5-year average of 13.81%.

NLY price history

10/06/202510/05/2026

Compare with

NLY risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-8.30%	+51.85%	+12.22%
Volatility (annualized)	20.41%	18.92%	28.35%
Largest drawdown	-17.23%	-17.23%	-39.22%
Positive months	7/12	22/36	35/60

How much did investing in NLY return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,122.25 today.

Value today in NLY: $1,122.25

Return over the period: +12.22%

Return per year: +2.37%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

NLY fundamentals

Valuation

P/E
4.63
P/B
0.81
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
—
P/EBIT
—
P/S
—
P/OCF
15.53
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$3.95
Book value per share
$22.46

Profitability

ROE
17.58%
ROA
2.07%
ROIC
—
Payout
73.45%

Growth

Revenue CAGR (5 years)
—
Earnings CAGR (5 years)
-2.33%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is NLY's fair price?

Two classic value formulas, with today's numbers. The current price is $18.27.

Graham's fair price: $44.66; 144.46% above the price

√(22.50 × $3.95 × $22.46)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $50.73; 177.69% above the price

$3.04 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

NLY's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	7.83	10.46	-5.91	6.03	4.77	-13.26	-6.23	252.69
P/B	1.00	0.84	0.86	0.92	0.87	0.84	0.85	0.97
Dividend yield	12.30%	14.21%	14.61%	16.70%	11.25%	11.12%	11.68%	12.22%
Earnings per share	$2.86	$1.75	-$3.28	$3.50	$1.64	-$0.64	-$1.51	$0.04
Book value per share	$22.40	$21.80	$22.51	$22.83	$9.02	$10.02	$11.04	$10.08
ROE	12.75%	8.02%	-14.56%	15.32%	18.20%	-6.36%	-13.70%	0.39%

NLY's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	—	—	—	—	—	—
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	$589.6M	$514.7M	-$1.7B	$243.8M	$796.4M	-$2.1B
Income before tax	$2B	$1B	-$1.6B	$1.8B	$2.4B	-$918.2M
Income tax	$6.9M	-$15.3M	-$39.4M	-$45.6M	-$4.7M	$28.4M
Net income	$2.1B	$1B	-$1.6B	$1.7B	$2.4B	-$891.2M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does NLY pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/30/2026	$0.75

Dividend yield per year

10.09%2017
12.22%2018
11.68%2019
11.12%2020
11.25%2021
16.70%2022
14.61%2023
14.21%2024
12.30%2025
11.77%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/29/2026	07/31/2026	$0.75
Dividend	03/30/2026	04/30/2026	$0.70
Dividend	12/30/2025	01/30/2026	$0.70
Dividend	09/29/2025	10/31/2025	$0.70
Dividend	06/27/2025	07/31/2025	$0.70
Dividend	03/28/2025	04/30/2025	$0.70
Dividend	12/30/2024	01/31/2025	$0.65
Dividend	09/27/2024	10/31/2024	$0.65
Dividend	06/27/2024	07/31/2024	$0.65
Dividend	03/26/2024	04/30/2024	$0.65
Dividend	12/27/2023	01/31/2024	$0.65
Dividend	09/27/2023	10/31/2023	$0.65

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/28/2023	07/31/2023	$0.65
Dividend	03/29/2023	04/28/2023	$0.65
Dividend	12/28/2022	01/31/2023	$0.88
Dividend	09/28/2022	10/31/2022	$0.88
Dividend	06/28/2022	07/29/2022	$0.88
Dividend	03/29/2022	04/29/2022	$0.88
Dividend	12/29/2021	01/31/2022	$0.88
Dividend	09/28/2021	10/29/2021	$0.88
Dividend	06/28/2021	07/30/2021	$0.88
Dividend	03/29/2021	04/30/2021	$0.88
Dividend	12/29/2020	01/29/2021	$0.88
Dividend	09/28/2020	10/30/2020	$0.88
Dividend	06/26/2020	07/31/2020	$0.88
Dividend	03/27/2020	04/30/2020	$1.00
Dividend	12/27/2019	01/31/2020	$1.00
Dividend	09/26/2019	10/31/2019	$1.00
Dividend	06/26/2019	07/31/2019	$1.00
Dividend	03/27/2019	04/30/2019	$1.20
Dividend	12/27/2018	01/31/2019	$1.20
Dividend	09/26/2018	10/31/2018	$0.31
Dividend	09/04/2018	09/10/2018	$0.89
Dividend	06/27/2018	07/31/2018	$1.20
Dividend	03/27/2018	04/30/2018	$1.20
Dividend	12/27/2017	01/31/2018	$1.20
Dividend	09/27/2017	10/31/2017	$1.20
Dividend	06/27/2017	07/31/2017	$1.20
Dividend	03/28/2017	04/28/2017	$1.20
Dividend	12/27/2016	01/31/2017	$1.20

About Annaly Capital Management

Sector: Finance, insurance and real estate

Questions about NLY

How much is NLY today?

NLY is at $18.27 (-1.24% on the day), last traded on 10/05/2026.

How much did NLY pay in dividends in 2025?

NLY paid $2.75 per share in 2025, a dividend yield of 12.30%.

When is the next NLY dividend?

The next announced payment is $0.75 per share on 10/30/2026.

What are the P/E and P/B of NLY?

NLY trades at a P/E of 4.63 and a P/B of 0.81.

How much did NLY return in 12 months?

NLY returned -8.30% in 12 months, with annualized volatility of 20.41% and a largest drawdown of -17.23%.