At AGNC Investment's recent $9.60 share price, about 17,783 shares would cost $170,717 and generate roughly $2,134 a month at its $0.12 monthly dividend—matching Bankrate's reported average mortgage payment before taxes. The income is not guaranteed.
AGNC is a mortgage REIT that invests in residential mortgages. It has continued paying a monthly dividend since early 2020, but has cut the payment several times in the past. Taxes would also raise the investment needed to net the mortgage amount, and the article cautions that a significant allocation to AGNC is risky. The calculation depends on the share price and dividend.
