Is AGNC Investment Stock a Buy Now?

AGNC Investment (NASDAQ: AGNC) has an eye-catching dividend yield of almost 14%. The first thing that most investors will probably think upon reading that sentence is that this is a choice dividend stock. But that's not exactly true, and the reason is fairly complex. Here's who shouldn't buy AGNC Investment, and who might want to buy it now.

Generally speaking, dividend investors are looking for companies that pay reliable dividends. Usually the ultimate goal is to generate income that can be used to pay for living expenses, often in retirement. It would be even better if the dividend stocks being considered had a history of increasing their dividends over time. Throw in some price appreciation, even if it is only modest, and income investors will probably be very happy.