Question about when dividends pay out

[MaxPowers]

I wanted to know how long before a stock pays dividends do you have to hold those shares? In particular, I am looking at NLY. It pays out every 3 months, but how do I find the no later than date on when I have to buy the shares?

[bjl584]

NLY is a REIT.

If you are going to take the risk, then you might as well look into AGNC. Same risk, but a higher yield and a monthly dividend payout.

[jpg7n16]

If you want the dividend, you have to buy 3+ business days before the record date.

The dividend notice will say, 'payable on X to holders on Y' - or something like that. Means that to everyone who owned it on Y, you'll receive your dividend on X. So you would have to buy at least 3 business days before Y.

For your particular stock, you would need to check out: Annaly Capital Management, Inc. : Dividends

And then either 3 business days before the record date, or 1 business day before the ex-dividend date. (the ex-dividend date is the first day without the dividend)

[kv968]

If you are going to take the risk, then you might as well look into AGNC. Same risk, but a higher yield and a monthly dividend payout.

AGNC pays its dividend quarterly also, not monthly.