5 Monthly Dividend Stocks with Over 5% Yield

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1. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of February 3: 12.04%

Number of Hedge Fund Holders: 28

AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust that invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. On January 11, AGNC Investment Corp. (NASDAQ:AGNC) declared a $0.12 per share monthly dividend, in line with previous. The dividend is payable on February 9, to shareholders of record on January 31. It is one of the top dividend stocks to consider. 

On February 1, Maxim analyst Michael Diana raised the price target on AGNC Investment Corp. (NASDAQ:AGNC) to $12 from $9 and kept a Buy rating for the company’s shares following its positive fourth quarter results. In a research note, the analyst informed investors that AGNC Investment Corp. (NASDAQ:AGNC)’s tangible book value had risen by 8.4% at the end of the quarter and by an additional 10% since then. He also mentioned that AGNC’s management team is optimistic about the outlook for Agency RMBS in 2023.

According to Insider Monkey’s third quarter database, 28 hedge funds were long AGNC Investment Corp. (NASDAQ:AGNC), compared to 18 funds in the prior quarter. Israel Englander’s Millennium Management is a significant position holder in the company, with 3.4 million shares worth $29.3 million. 

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