This Impressive Monthly Dividend Stock Currently Pays Over 10 Times More Than the S&P 500

The dividend yield on the S&P 500 is very low these days. At 1.2%, it's near its lowest level in more than 20 years. Because of that, you won't generate much passive dividend income by investing in an S&P 500 index fund. While the S&P 500 doesn't pay much these days, plenty of other dividend stocks pay a lot more. One of the more impressive payouts comes from AGNC Investment (NASDAQ: AGNC), which currently yields almost 15%. Here's a look at how it can afford to pay such a lucrative dividend.AGNC Investment is a real estate investment trust (REIT) focused on investing in residential mortgages. The company buys residential mortgage-backed securities (MBS), which are pools of mortgages guaranteed against credit losses by government agencies like Fannie Mae, Freddie Mac, or Ginnie Mae. Those credit protections make MBS very low-risk fixed-income investments. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool