This 12.5%-Yielding Dividend Stock is Hiking its Payment by Another 7.1%. Time to Buy?

Annaly Capital Management, a residential mortgage REIT, is increasing its quarterly dividend by 7.1% to $0.75 per share, boosting its forward yield to 13.6%. The dividend raise follows improving earnings and reflects strong performance from the company's diversified housing finance portfolio, which includes Agency MBS, residential credit, and mortgage servicing rights. While the REIT offers attractive income for risk-tolerant investors, it carries higher risk due to past dividend cuts.