Why Not Buy This Relatively New 6.7% Yielding Mortgage REIT Preferred Stock?

This relatively new preferred stock issue is worthy of a closer look. The preferred shares are unique in the sense that they provide income investors with fixed and floating rate dividend payments. The Series C is less risky than the common shares, yet provides attractive dividend income on a recurring basis. An investment in the Series C yields 6.69 percent...

AGNC Investment Corp. (AGNC) issued a new preferred stock in August which I think is a good deal for risk-conscious income investors that value principal safety more than high dividend income. The mortgage REIT's new fixed-to-floating preferred stock is an interesting alternative to AGNC Investment Corp.'s common shares which require investors to take on a lot more risk.

Source: Seeking Alpha

Related Articles:
- Dividend Stocks in Today's Market
- 5 Big-Name Dividend Stocks Crushing The S&P 500
- How To Be a Better Investor During Difficult Times
- 4 Higher-Yielding, Low Debt Stocks With A Tiny Payout Ratio
- 3 Stocks Increasing Dividends Like A Champion