5 High Yield Monthly Dividend Stocks to Buy in August

3. AGNC Investment Corp. (NASDAQ: AGNC)

Number of Hedge Fund Holders: 18
Dividend Yield: 9.1%

AGNC Investment Corp. (NASDAQ: AGNC) is next on our list of high yield monthly dividend stocks to buy in August and ranks 3rd. The company is a REIT based in the US and invest in residential mortgage pass-through securities and collateralized mortgage obligations.

Piper Sandler currently holds an Overweight rating and an $18.50 price target on shares of AGNC Investment Corp. (NASDAQ: AGNC).

In the second quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.11. The company’s revenue was $232 million, missing estimates by $90.23 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained 4.09% year to date and 17.62% in the past year.

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.