5 Best Stocks That Pay Monthly Dividends

4. AGNC Investment Corp. (NASDAQ: AGNC)

Number of Hedge Fund Holders: 19
Dividend Yield: 8.71%

AGNC Investment Corp. (NASDAQ: AGNC), an American REIT, is next on our list of the best stocks that pay monthly dividends, ranking 4th. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the US government-sponsored enterprise or by the US government agency.

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $151 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $167 million.