2023-07-27 05:59:00 ET
Dividend stocks can be an excellent source of passive income, which is why many income investors gravitate toward them. One popular dividend stock, with an ultra-high yield of 14%, is AGNC Investment Corp. (NASDAQ: AGNC) .
However, having a high dividend yield doesn't always mean a stock will deliver for your portfolio. Read on to see how AGNC has performed for its investors over the past decade and whether it's right for your portfolio.
AGNC is a real estate investment trust (REIT), which means it isn't subject to federal or state income tax as long as it distributes 90% of its taxable income to shareholders. Because of this tax treatment, REITs tend to deliver big dividend yields to their investors.
For further details see:
If You Invested $5,000 in AGNC Investment 10 Years Ago, This Is How Much You Would Have Today