5 High-Yield Monthly Dividend Stocks for August

3. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of August 2: 11.59%

AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust that invests in agency mortgage-backed securities.

AGNC Investment Corp. (NASDAQ:AGNC) ended Q2 2022 with cash and cash equivalents of over $906 million with total assets worth $61.2 million. The company’s free cash flow stood at over $1.5 billion at the end of FY21, down from $1.7 billion in 2020. AGNC Investment Corp. (NASDAQ:AGNC) has been a dividend-payer since 2008, with its payouts holding a cumulative value of over $11.8 billion. Its monthly dividend stands at $0.12 per share, with a yield of 11.59%, as of August 2.

In June, Keefe Bruyette raised its price target on AGNC Investment Corp. (NASDAQ:AGNC) to $13.25 and upgraded the stock to Outperform.

As per Insider Monkey’s Q1 2022 database, 14 hedge funds held investments in AGNC Investment Corp. (NASDAQ:AGNC), with a total value of over $70.4 million. Canyon Capital Advisors held the largest stake in the company in Q1, worth over $40 million.