5 Monthly Dividend Stocks to Buy in September

2. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of September 5: 12.23%

AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust that invests in agency residential mortgage-backed securities on a leveraged basis. The company has been a dividend-payer since 2008, with its payouts holding a cumulative value of over $11.8 billion. It currently pays a monthly dividend of $0.12 per share, with a dividend yield of 12.23%, as recorded on September 5.

In Q2 2022, AGNC Investment Corp. (NASDAQ:AGNC) reported revenue of $315 million, which showed a 35.8% year-over-year growth. The company repurchased 4.7 million of its common shares at a total price of over $51 million. In addition to this, its investment portfolio holds a total value of over $61.3 billion.

In June, Keefe Bruyette upgraded AGNC Investment Corp. (NASDAQ:AGNC) to Market Perform while raising its price target to $13.25.

The number of hedge funds tracked by Insider Monkey owning stakes in AGNC Investment Corp. (NASDAQ:AGNC) jumped to 18 in Q2 2022, from 14 in the previous quarter. The collective value of these stakes is over $192.4 million. Citadel Investment Group owned the largest stake in the company, worth $51.4 million.