5 Cheap Monthly Dividend Stocks To Buy

4. AGNC Investment Corp. (NASDAQ:AGNC)

Share Price as of January 13: $11.29

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company that mainly invests in residential mortgage-based securities on a leveraged basis. In January, Barclays raised its price target on the stock to $12 with an Overweight rating on the shares, presenting a neutral stance on the sector in view of a possible recession.

AGNC Investment Corp. (NASDAQ:AGNC) currently pays a monthly dividend of $0.12 per share and has a dividend yield of 12.81%, as of January 13. The company has cumulatively paid nearly $12 billion in dividends to shareholders since its IPO in 2008.

At the end of September, AGNC Investment Corp. (NASDAQ:AGNC) reported an investment portfolio worth $61.5 billion. The company’s revenue for the third quarter came in at $177 million and its tangible book value stood at $9.08 per share. The stock is among the cheap monthly dividend stocks with an $11.29 per share price, as recorded on January 13.

AGNC Investment Corp. (NASDAQ:AGNC) saw a positive hedge fund sentiment in Q3 2022, as 28 funds tracked by Insider Monkey owned stakes in the company, up from 18 in the previous quarter. These stakes have a total value of over $157.7 million.

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