13 High-Dividend Stocks to Invest In Under $10

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1. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of April 8: 16.87%

Share Price as of the Close of April 7: $8.66

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company, headquartered in Maryland. The company mainly invests in mortgage-backed securities, which function similarly to bonds. It is a prominent investor in Agency residential mortgage-backed securities (Agency MBS), which are backed by US government-sponsored entities. In addition, it allocates capital to a range of other mortgage-related assets, including non-Agency residential and commercial MBS, credit risk transfer (CRT) securities, and real estate or housing-linked investments that do not carry government guarantees.

As of December 31, 2024, AGNC Investment Corp. (NASDAQ:AGNC)’s investment portfolio totaled $73.3 billion. This included $65.5 billion in Agency MBS, $6.9 billion in net TBA (to-be-announced) positions, and $0.9 billion in CRT and non-Agency assets, as well as other mortgage-related holdings.

AGNC Investment Corp. (NASDAQ:AGNC) has maintained consistent dividend payments since its public listing in 2008, initially paying dividends on a quarterly basis. The company shifted to a monthly distribution format in 2014. From its IPO through the end of Q4 2024, it has paid out $14 billion in total dividends to shareholders. It currently pays a monthly dividend of $0.12 per share and has a dividend yield of 16.87%, as of April 8.

Overall, AGNC Investment Corp. (NASDAQ:AGNC) ranks first on our list of the high dividend stocks to invest in under $10. While we acknowledge the potential of AGNC as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than AGNC but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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