5 High Yield Monthly Dividend Stocks

2. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of January 14: 9.41%

Number of Hedge Fund Holders: 16

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust that invests in residential mortgage securities and collateralized mortgage obligations which are backed by government-sponsored enterprises and state agencies. 

On January 10, AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly per share dividend of $0.12, payable on February 9 to shareholders of record on January 31. The REIT offers a 9.41% yield as of January 14, and is one of the highest yielding monthly dividend stocks to purchase. 

Reporting its third quarter results on October 25, AGNC Investment Corp. (NASDAQ:AGNC) posted earnings per share of $0.75, beating estimates by $0.10. The $279 million revenue dropped 7.62% year-over-year, missing estimates by $19.63 million. 

Piper Sandler analyst Kevin Barker on January 5 lowered the price target on AGNC Investment Corp. (NASDAQ:AGNC) to $16 from $16.50 and kept a Neutral rating on the shares. The analyst expects Q4 mortgage banking earnings to be under pressure amid increasing competitive pressures across all channels due to reduced seasonal demand combined with excess capacity. He tells investors to seek out names that offer stable income, company-specific catalysts, and good valuation. 

Among the 867 hedge funds monitored by Insider Monkey in the third quarter of 2021, 16 funds reported owning stakes worth $81.4 million in AGNC Investment Corp. (NASDAQ:AGNC). Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors is the largest stakeholder of the company, with a $52.7 million position.