2 High-Yielding Monthly Dividend Stocks I'd Buy Before Adding AGNC Investment's Monster Dividend to My Portfolio
AGNC Investment (NASDAQ: AGNC) stands out among dividend stocks. The real estate investment trust (REIT) currently pays a monster dividend that yields 17%. That's more than 10 times higher than the S&P 500's 1.4% dividend yield. Even better, the REIT pays its dividend monthly instead of the quarterly schedule of most dividend stocks. AGNC Investment has caught my attention, as someone who loves to collect passive income. However, I haven't added the REIT to my portfolio and probably won't buy shares anytime soon. Instead, I'd buy more shares of EPR Properties (NYSE: EPR) and Stag Industrial (NYSE: STAG) to boost my monthly dividend income before buying AGNC Investment. Here's why.AGNC Investment is a bit of a complex company. It invests in mortgage-backed securities protected against credit losses by government agencies such as Fannie Mae. That makes these mortgage pools very low-risk investments. They also have relatively low returns, paying a fixed interest rate typically in the low to mid-single digits. Continue reading
AGNC Investment (NASDAQ: AGNC) stands out among dividend stocks. The real estate investment trust (REIT) currently pays a monster dividend that yields 17%. That's more than 10 times higher than the S&P 500's 1.4% dividend yield. Even better, the REIT pays its dividend monthly instead of the quarterly schedule of most dividend stocks.
AGNC Investment has caught my attention, as someone who loves to collect passive income. However, I haven't added the REIT to my portfolio and probably won't buy shares anytime soon. Instead, I'd buy more shares of EPR Properties (NYSE: EPR) and Stag Industrial (NYSE: STAG) to boost my monthly dividend income before buying AGNC Investment. Here's why.
AGNC Investment is a bit of a complex company. It invests in mortgage-backed securities protected against credit losses by government agencies such as Fannie Mae. That makes these mortgage pools very low-risk investments. They also have relatively low returns, paying a fixed interest rate typically in the low to mid-single digits.
