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Are These mREIT Dividends (Up to 13%) Safe?

In a word… no. Interest rates are plummeting, which is usually “prime time” for mREITs like Annaly Capital (NLY) . The “original mortgage REIT” has traditionally held fixed-rate securities, which rise in price as rates decline. Annaly investors remember the “roaring ‘00s” fondly. From 2000 through 2012, mortgage rates ticked down, down, down while the stock climbed higher and higher: The Roaring ‘00s (and Beyond) for Annaly Investors While Annaly delivered total returns of 609%, its yield bounced between a handsome 10% and a gaudy 15%. What a run! Of course, even the best party has its lulls. This happened when then-Fed chair Alan Greenspan began raising rates in the summer of 2004.… Read more
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