In this day and age, it’s quite rare to see a company with an annual dividend yield of over 10%. What even rarer is that this double-digit yielder also follows a monthly distribution schedule. Should Investors Consider This High-Yield Stock? ...
I’m talking about AGNC Investment Corp (NASDAQ:AGNC), a real estate investment trust (REIT) headquartered in Bethesda, Maryland. Last week, AGNC declared a monthly cash dividend of $0.16 per share. With AGNC stock trading at $16.24 apiece, that translates to an annual yield of 11.8%. At the end of the day, few things look more attractive than a monthly dividend stock with a double-digit yield. If AGNC Investment Corp can improve its dividend coverage, then AGNC stock oversized yield would be worth considering.
Source: Income Investors
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