Annaly Capital (NLY 0.66%) has a huge dividend yield that approaches 15%. And the mortgage real estate investment trust (REIT) just increased its dividend at the start of 2025. But don't get lured in by the yield if you are looking for a reliable dividend stock. The big problem with Annaly Capital Annaly Capital actually achieves what it sets out to do, so it isn't a bad mortgage REIT. The problem is the mortgage REIT model, which involves buying mortgages that have been pooled into bond-like securities. Th ...