NLY dividend analysis

NLY dividend deep dive

On the income line, NLY prints a 2.80% TTM yield with 78% of earnings going to the dividend. The 5-year distribution CAGR is 4.8%, and the consecutive-growth streak runs 19 years.

Dividend safety on NLY reads 72/100, derived from the VMCI Quality pillar (83/100) adjusted for payout-ratio strain. The score sits in the fair-safety band, which is the right anchor for income-portfolio sizing.

Compound-income view on NLY: at 2.80% TTM yield growing at 4.8% per year, a held-and-reinvested position returns 15.6% / 33.5% / 78.3% cumulatively over 5/10/20 years on income alone.

Comparison set on NLY: KO (5.00%), PG (1.50%), PEP (2.90%). With a peer-mean yield of 3.13%, NLY prints 2.80% — a -0.33-pp discount on the income line.

Calendar inputs on NLY: ex 2026-03-01 → pay 2026-03-15. The quarterly cadence and $2.155/share run rate are the operative numbers for income planning.

NLY bottom-line read: low-yield on yield, slow on growth, fair-safety on safety. The income thesis is durable only if the Quality and Risk pillar trajectories stay in their current bands.