5 Best Dividend Stocks to Buy in August

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1. AGNC Investment Corp. (NASDAQ: AGNC)

Number of Hedge Fund Holders: 18
Dividend Yield: 9.1%

AGNC Investment Corp. (NASDAQ: AGNC), another real estate investment trust company, is next in line on our list of the best dividend stocks to buy in August and ranks 1st. The company is based in Maryland and was founded in 2008.

Barclays analyst Mark DeVries holds an Overweight rating and a $17 price target on AGNC Investment Corp. (NASDAQ: AGNC) shares as of this July.

In the second quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.11. The company’s revenue was $232 million, but missing estimates by $90.23 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained  2.11% year to date and 15.89% in the past year.

By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.

You can also take a look at 10 Best Dividend Paying Stocks to Buy Under $50 and 10 Best Dividend Stocks Under $20.

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