Annaly Capital Management (NLY 0.25%) pays a whopping dividend. At its current payment rate, its forward dividend yield is approaching 13%. That's nearly 10 times higher than the S&P 500's dividend yield of slightly more than 1.3% over the past 12 months. Annaly's CEO, David Finkelstein, addressed the dividend concerns head-on during the first-quarter call. "Notwithstanding lower leverage, the prevailing return environment gives us confidence in the durability of the portfolio earnings profile," he said. Th ...