Despite a Big Paper Loss, I'm Not Planning to Sell This Beleaguered Ultra-High-Yield Dividend Stock

Despite a Big Paper Loss, I'm Not Planning to Sell This Beleaguered Ultra-High-Yield Dividend Stock

Unfortunately, the stock has lost a lot of value since I made my initial investment. As interest rates fell, many borrowers refinanced their mortgages to lower rates. This forced Annaly to make lower-yielding investments, which impacted its income and its ability to pay dividends.