AGNC Investment Corp. stands out with a dividend yield of approximately 13.3%, paid monthly, positioning it among the highest-yielding mortgage REITs in the market. As of September 30, its $91 billion portfolio is almost entirely invested in agency mortgage-backed securities, with just $0.7 billion exposed to credit-risk and non-agency assets. This concentration in government-backed MBSs allows AGNC to employ leverage prudently, enhancing its net interest margin while maintaining a conservative risk profile. The firm’s strategy of borrowing at short-term rates and buying longer-duration securities benefits particularly during Federal Reserve rate-easing cycles, when funding costs decline and agency MBS prices and book values tend to rise. AGNC shares typically trade near book value, reflecting investor confidence in the stability of its asset base and dividend coverage.