Is AGNC Investment Stock a Buy Now?

AGNC Investment has a high dividend yield of 14% and pays monthly, making it an attractive option for investors seeking passive income. The REIT invests solely in low-risk Agency MBS, generating a fixed-income return. Its leverage increases returns, but also raises the risk profile. AGNC's net spread was $0.35 per share in Q3, higher than its quarterly dividend of $0.36 per share. However, its cost of capital aligns with its returns, placing the dividend on a sustainable foundation. Market conditions are favorable, with manageable supply and growing demand for MBS.