AGNC Investment: Evaluating the Risks and Rewards of High Dividend Yields

AGNC Investment, a mortgage REIT, has consistently paid a 14% dividend for nearly six years, despite challenges from rising interest rates. The company profits by borrowing at lower rates to purchase mortgage-backed securities, and its management has effectively hedged against rate increases. With interest rates now declining, AGNC is well-positioned to continue providing attractive dividends for passive income investors.