5 Stocks That Pay Dividends Monthly

4. AGNC Investment Corp. (NASDAQ:AGNC)

Number of Hedge Fund Shareholders: 18

Monthly Dividend Payout: $0.12

AGNC Investment Corp. (NASDAQ:AGNC) switched to monthly dividend payments in late 2014, with those payments starting at $0.22. They’ve since been cut multiple times, landing at $0.12 in May 2020, where they’ve stayed since. Despite the dividend being cut nearly in half over the last eight years, AGNC shares still yield a hearty 17.6%, while the company’s payout ratio is just 46%.

AGNC Investment Corp. (NASDAQ:AGNC)’s tangible book value per share fell from $11.43 on June 30 to $9.08 on September 30, due to wider spreads, which still comes in above the stock’s current price of $8.18. The mortgage REIT lost $1.31 per share in Q3 but topped estimates in terms of net spread and dollar roll income per common share, which came in at $0.84, beating estimates by $0.24.

Hedge funds were buying up AGNC Investment Corp. (NASDAQ:AGNC) in droves during late 2019 and early 2020, but there’s a net decline of 50% in smart money ownership of the stock since then. Carl Goldsmith and Scott Klein’s Beach Point Capital Management built an aggressive stake in AGNC during Q3 consisting of 1.5 million shares and giving the fund’s 13F portfolio 4.28% exposure to the stock.