Short answer: Annaly Capital Management (NLY) yields 15.83% and AGNC Investment (AGNC) yields 16.13% as of the November 9, 2026 close. Annaly Capital Management has the lower liabilities to assets, 89.1% against 91.3%. Annaly Capital Management is ahead on price this year, -15.2% against -16.7%.
Data as of the November 9, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Annaly Capital Management (NLY) and AGNC Investment (AGNC) are both mortgage REITs, classed as Agency MBS on REIT Rankings. Here is how they compare on verified numbers as of the November 9, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Annaly Capital Management (NLY) | AGNC Investment (AGNC) |
|---|---|---|
| Share price | $18.95 | $8.93 |
| Market cap | $14.9B | $11.4B |
| Dividend yield | 15.83% | 16.13% |
| Annual dividend per share | $3.00 | $1.44 |
| Pays | Quarterly | Monthly |
| Consecutive years of dividend increases | 1 | n/a |
| Dividend increase in 2026 (confirmed in filings) | +7.1% | No increase |
| Liabilities to assets | 89.1% (September 30) | 91.3% (September 30) |
| Price change year to date | -15.2% | -16.7% |
| Price change since Sept. 15 | -11.5% | -10.3% |
| 52-week range (closing) | $17.72 to $24.40 | $8.44 to $12.17 |
| Typical move per 0.25-point rise in the 10-year yield | -4.5% | -4.6% |
| REIT Rankings grade | C 64 | C 61 |
| Third-quarter 2026 results | Filed; figures above reflect the quarter ended September 30 | Filed; figures above reflect the quarter ended September 30 |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | AGNC Investment |
| Lower leverage | Annaly Capital Management |
| Less sensitive to rising rates | Annaly Capital Management |
| Better price change this year | Annaly Capital Management |
| Higher REIT Rankings grade | Annaly Capital Management |
Where They Differ
AGNC Investment pays the higher yield, 16.13% against 15.83% for Annaly Capital Management. AGNC Investment carries more leverage, with liabilities equal to 91.3% of assets against 89.1%. This year Annaly Capital Management shares have moved -15.2% and AGNC Investment shares -16.7%.
Read the full profiles for portfolio, tenant and balance sheet detail: Annaly Capital Management and AGNC Investment.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, NLY or AGNC?
Annaly Capital Management yields 15.83% and pays $3.00 a share a year (quarterly); AGNC Investment yields 16.13% and pays $1.44 (monthly), as of November 9, 2026.
Which has raised its dividend longer, NLY or AGNC?
Annaly Capital Management: 1 consecutive years of increases; AGNC Investment: streak not yet verified.
Which has more debt, NLY or AGNC?
On the latest balance sheets, Annaly Capital Management’s liabilities equal 89.1% of total assets and AGNC Investment’s equal 91.3%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, NLY or AGNC?
Over the past year, Annaly Capital Management has typically moved -4.5% and AGNC Investment -4.6% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Annaly Capital Management has moved -11.5% and AGNC Investment -10.3%.
Is NLY or AGNC the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Annaly Capital Management scores 64 and AGNC Investment scores 61, so Annaly Capital Management rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best mortgage REITs · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.
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