Is American Capital Agency's 15.6% Dividend Yield Best Amongst mREITs?

American Capital Agency (AGNC), a U.S. mortgage REITs that is largely followed, disclosed its third quarter performance on October 29, 2012.

 The stock offers an attractive dividend yield of 15.6%, well backed by an operating cash flow yield of 16%. The annual cash dividend coverage ratio comes out to be 1.5 times, reflecting the fact that the company has enough financial muscle to continue this elevated dividend distribution, given the interest rate spread that the company earns is not compressed. American Capital Agency remains one of the very few mREITs that did not slash its dividend distributions this year. Read more