AGNC Investment (NASDAQ: AGNC) pays a prodigious monthly dividend with a yield over 15%. That’s more than 10 times higher than the S&P 500.
While the mortgage real estate investment trust (REIT) offers a high-yielding payout, it hasn’t increased its dividend since its first few quarters as a public company more than 15 years ago. Instead, it has cut its payout several times over the years. Because of that, it’s not an ideal passive income stock for those seeking a bankable income stream.
Those desiring to generate durable and growing passive income should consider Main Street Capital (NYSE: MAIN) instead. The business development company (BDC) has routinely raised its high-yielding monthly dividend. It also periodically pays quarterly supplemental dividends. Here’s a closer look at this passive income machine.