"With a yield of 14.7%, AGNC Investment (NASDAQ: AGNC) is a REIT that invests in residential mortgage-backed securities, where principal and interest payments are guaranteed by the U.S. government or a U.S. government agency. It just declared a 12-cent dividend, which is payable on September 10 to shareholders of record as of Aug. 29. If you were to invest $10,000 into AGNC, you would own about 1,037 shares. Using an annualized AGNC dividend of $1.44, you could collect about $1,493.28 in passive income per year just for holding the stock."
"With a yield of about 11.24%, Ellington Financial invests in residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans, and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt, and equity investments in loan origination companies. It just declared a monthly dividend of 13 cents per share, which is payable on September 30 to shareholders of record as of August."
Savings account yields remain very low (around 0.40%), prompting investors to seek higher-yielding dividend stocks for dependable passive income. REITs and mortgage-focused firms offer substantially higher yields. AGNC Investment Corp. yields 14.7% and invests in residential mortgage-backed securities guaranteed by U.S. government agencies; it declared a 12-cent dividend payable September 10, and a $10,000 investment could generate roughly $1,493.28 annually at the stated annualized dividend. Ellington Financial yields about 11.24% and holds a diversified portfolio of mortgage loans, MBS, consumer loans, ABS, CLOs, derivatives, and related investments; it declared a 13-cent monthly dividend payable September 30.
Read at 24/7 Wall St.
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