5 Monthly Dividend Stocks with Highest Yields

4. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of September 14: 12.47%

Up next on our list of monthly dividend stocks with a high yield is AGNC Investment Corp. (NASDAQ:AGNC), which is a Maryland-based real estate investment trust company. It mainly invests in mortgage-backed securities on a leveraged basis.

In Q2 2022, AGNC Investment Corp. (NASDAQ:AGNC) reported strong results, posting revenue of $315 million, which represented a 35.8% year-over-year growth. The value of the company’s investment portfolio stood at $61.3 billion. It also repurchased roughly 5 million of its common shares during the quarter for a total value of $51 million.

AGNC Investment Corp. (NASDAQ:AGNC) has been making uninterrupted dividend payments since its IPO in 2008. Since then, the company has paid total dividends worth over $11.6 billion to shareholders. Its current monthly dividend stands at $0.12 per share, with a dividend yield of 12.47%, as recorded on September 14.

The number of hedge funds tracked by Insider Monkey owning stakes in AGNC Investment Corp. (NASDAQ:AGNC) stood at 18 in Q2 2022, growing from 14 in the previous quarter. These stakes are collectively valued at over $192.4 million, compared with $70.4 million worth of stakes owned by hedge funds in the preceding quarter.