With a 14% Yield and Book Value Climbing, Is It Time to Buy AGNC Stock?

The environment for AGNC is starting to improve.When investors go looking for stocks with high dividend yields, they inevitably run into AGNC Investment (AGNC 1.08%), which currently carries a yield north of 14%. However, many investors may be confused as to what exactly the company does, and why its stock has struggled during the past five years.AGNC is a mortgage real estate investment trust (mREIT) that owns agency mortgage-backed securities (MBS). Most of its portfolio is in MBS backed by government age ...