AGNC Investment (NASDAQ:AGNCL) Trading Down 0.5% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNCL)’s stock price traded down 0.5% during mid-day trading on Friday . The company traded as low as $24.86 and last traded at $24.89. 3,083 shares were traded during trading, a decline of 79% from the average session volume of 14,809 shares. The stock had previously closed at $25.02.

AGNC Investment Trading Down 0.5%

The stock has a fifty day moving average of $24.78 and a 200-day moving average of $24.81.

AGNC Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were issued a dividend of $0.4844 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.