Chart of Day: AGNC Investment (AGNC) – 10/19

One of the best ways to build wealth is with dividend stocks, especially those that will pay you every month just to hold a position.

Look at AGNC Investment (SYM: AGNC), for example.

agnc

With a yield of 13.77%, AGNC Investment is a real estate investment trust (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. Even better, it just declared a 12-cent monthly dividend, payable November 12 to shareholders of record as of October 31.

Helping, the Federal Reserve sparked a rush of homebuyers with recent cuts to interest rates. In fact, homebuyers locked in about 70% more mortgages than they did a month earlier on September 23, as noted by Redfin. Even better, with more interest rate cuts likely, mortgage demand could push even higher, which is great news for AGNC.

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