5 Monthly Dividend Stocks with Over 5% Yield

2. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of July 8: 12.53%

AGNC Investment Corp. (NASDAQ:AGNC) is an internally-managed real estate investment trust that invests in residential mortgage-backed securities.

AGNC Investment Corp. (NASDAQ:AGNC) trimmed its monthly payout in 2020 by 25% but the cut was comparatively smaller than other mREITs made during this period. Since then, the company has been paying a monthly dividend of $0.12 per share, with a yield of 12.53%, as of July 8.

In June, Keefe Bruyette upgraded AGNC Investment Corp. (NASDAQ:AGNC) to ‘Outperform’ while lifting the stock’s price target to $13.25. The firm expects mortgage REITs to generate positive returns in 2022.

At the end of Q1 2022, 14 hedge funds in Insider Monkey’s database owned stakes in AGNC Investment Corp. (NASDAQ:AGNC), down from 21 a quarter earlier. The collective value of these stakes is over $70.4 million. With nearly $41 million worth of shares, Canyon Capital Advisors held the largest position in the company in Q1.