5 Best Monthly Dividend Stocks with High Yields

3. AGNC Investment Corp. (NASDAQ: AGNC)

Number of Hedge Fund Holders: 18
Dividend Yield: 8.91%

AGNC Investment Corp. (NASDAQ: AGNC) is an American REIT investing in residential mortgage pass-through securities and collateralized mortgage obligations with principal and interest payments assured by the US government-sponsored enterprise or agency. It ranks 3rd on our list of the best monthly dividend stocks with high yields.

This June, Piper Sandler analyst Kevin Barker reiterated the firm’s Overweight rating on AGNC Investment Corp. (NASDAQ: AGNC) shares alongside an $18.50 price target. Barker mentioned that the company’s dividend can be expected to remain safe in light of its positive earnings status.

In the first quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.13. The company’s revenue was $528 million, up 712.31% year over year and beating estimates by $244.78 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained about 2.34% in the past 6 months and 5% year to date.

By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.