AGNC Investment (NASDAQ: AGNC) currently offers an eye-popping dividend yield.
At 14%, it’s more than 10 times the S&P 500’s 1.1% dividend yield
At that rate, a $1,000 investment in the mortgage REIT would generate about $11.60 of dividend income each month (and nearly $140 annually). Here’s a look at whether you should buy shares of AGNC Investment right now. How safe is AGNC’s monster dividend?
AGNC Investment has maintained its current monthly dividend rate of $0.12 per share since lowering it in early 2020. That was one of many payment reductions the REIT has made over the years. AGNC has to reduce its dividend payments when they fall out of alignment with its earnings capacity.