AGNC has been an excellent dividend-paying stock. It was close to 20% when I bought it back in December, but it's down to about 14% right now. I don't know how long the environment will be fruitful for mREITs, but even if they eventually have to cut the dividend again, it's still a very healthy kick-off for those looking for a buy-it-and-hold-it equity.
What scares me about AGNC is their dividend is about 140% of earnings. Are they sitting on enough cash to continue that?
Well that, and the share price is near the 52 week high.
I guess I am just a chicken. If they drop the dividend to match earnings, yield would still be around 10%.
Tim