Top 5 Dividend Stocks That Pay Monthly

Page 5 of 5

1. AGNC Investment Corp. (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) tops our list of the Top 10 Dividend Stocks That Pay Monthly, being owned by 32 hedge funds on September 30. We’ve seen a 78% surge in hedge fund ownership of AGNC over the past year, which may be due to the agency REIT’s healthy balance sheet and undervalued stock. AGNC shares currently trade at $15.42, nearly $1 below the company’s estimated tangible net book value as of October 31.

On the downside, AGNC has been forced to cut its dividend payments several times since switching to monthly payments in late 2014, slashing them by a total of 45% during that time. Shares still yield a healthy 9.34% annually, with the next monthly payment of $0.12 scheduled for January 12 (ex-dividend date being December 30).

For more great stock ideas that hedge funds love, check out the Top 10 Stocks To Buy Now According To Secretive Billionaire Quant Hedge Fund Manager.

Disclosure: None.

Page 5 of 5