Annaly Capital Management has a long-standing reputation for being a volatile stock with a high beta of 1.35 (1.00 is on par with the general market) but has always paid income investors a large dividend that compensated for that volatility. And while Annaly Capital Management has a long history of paying double digit dividends, unfortunately it's also cut that dividend several times over the past five years. The quarterly dividend that paid $1.20 in November 2017 is now only $0.88.