5 Best Monthly Dividend Stocks to Buy for 2022

2. AGNC Investment Corp. (NASDAQ:AGNC)

Number of Hedge Fund Holders: 16
Dividend Yield as of January 30: 9.76%

AGNC Investment Corp. (NASDAQ:AGNC) is an internally managed real estate investment trust that acquires mortgage-backed securities. This October, Barclays set a $17 price target on the stock, with an Equal Weight rating on the shares, maintaining its stance on the stock’s fair valuation.

Currently, AGNC Investment Corp. (NASDAQ:AGNC) pays a monthly dividend of $0.12 per share. The stock’s current dividend yield stands at 9.76%. In Q3, AGNC Investment Corp. (NASDAQ:AGNC) topped consensus, beating FFO estimates by $0.10 at $0.75. The company reported a net interest income of $279 million, which presented a decline of 7.6% from the prior-year quarter.

As per Insider Monkey’s data for Q3, 16 hedge funds held stakes in AGNC Investment Corp. (NASDAQ:AGNC), down from 19 in the previous quarter. The total value of these stakes is over $81.4 million. Of these hedge funds, Canyon Capital Advisors was the company’s largest shareholder in Q3, holding over 3.3 million shares.