The following video is part of our "Motley Fool Conversations" series, in which Senior Technology Editor Eric Bleeker and Fool analyst Jim Royal discuss topics across the investing world.

In today's edition, Jim describes why he's personally bought Annaly Capital (NYSE: NLY) and believes its outsized yield will continue delivering in the coming years. While Jim cautions that Annaly isn't a "set-and-forget" dividend and requires continued watching thanks to its interest rate exposure, he appreciates Annaly's ability to grow book value in good times and bad, and expects favorable interest rate environments over the coming years.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.