With a stock market that's offered just 2% returns -- and that's not annually, that's 2% total returns! -- over the last decade, it's no surprise that investors are crazy about dividends and the ability to gain consistent income even in environments where the overall market is flat. However, what could be shocking to many investors is that many dividend darlings paying juicy yields north of 5% have been consistently paying high yields for over a decade. Take dividend darling Annaly Capital Management (NYSE: NLY ) . The company currently yields an astonishing 13.4%. That can't be sustainable, right?
Well, past results on its yield might surprise investors. At this date in each of the past 10 years, Annaly's dividend has exceeded 3.4%, a total nearly double where the S&P 500's overall 1.8% yield sits at today. Take a gander at the continued outsized dividends Annaly has paid out on this day over the past 10 years! The best part is, during the same period, Annaly's stock actually rose in accord with paying out all these dividends. Annaly's stock is 43% higher than it was at this time 10 years ago. Adjusted for dividends, the stock is up 327% during that time!
Source: Motley Fool
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Posted by D4L | Tuesday, June 21, 2011 | ArticleLinks | 0 comments »________________________________________________________________
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