Here's How Many Shares of This 15%-Yielding Monthly Dividend Stock You'd Need to Cover Your Mortgage Payment
AGNC Investment invests in residential mortgages.
Overview
AGNC Investment (NASDAQ:AGNC) invests in residential mortgages. The interest income from those investments covers its 15%-yielding monthly dividend ($0.12 each month). At that rate, you'd need to accumulate 17,783 shares -- a $170,717 investment at its recent $9.60 share price -- to cover the average monthly mortgage payment of $2,134 (according to Bankrate).
Here's how to figure out how many shares you'd need to own of the mortgage REIT to cover your mortgage payment, and some risks to consider before accumulating shares.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.