AGNC Investment Corp. offers a high dividend yield of 13.8% for passive income investors. The company invests in residential mortgages and is sensitive to interest rate changes. AGNC could benefit from further interest rate cuts by the Federal Reserve. The company uses leverage to afford its high dividend yield, borrowing money for short-term investments. Lower interest rates and funding costs have improved AGNC’s financial performance, increasing its tangible net book value per share. Investors should be aware of AGNC’s interest rate sensitivity and potential impact on investment value. AGNC could benefit from future interest rate reductions, making it a good stock for passive income seekers.

Read more at Nasdaq: Should You Buy AGNC Investment While It’s Below $11?