AGNC Investment Corp. to Issue Monthly Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNCGet Free Report) announced a monthly dividend on Wednesday, July 8th. Stockholders of record on Friday, July 31st will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Friday, July 31st.

AGNC Investment has decreased its dividend payment by an average of 0.0%per year over the last three years. AGNC Investment has a dividend payout ratio of 88.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect AGNC Investment to earn $1.51 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 95.4%.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $10.94 on Thursday. The company has a market cap of $12.56 billion, a P/E ratio of 9.04 and a beta of 1.31. AGNC Investment has a one year low of $9.11 and a one year high of $12.19. The business’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $10.80.

AGNC Investment (NASDAQ:AGNCGet Free Report) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The firm had revenue of ($114.00) million for the quarter, compared to analyst estimates of $411.57 million. Analysts predict that AGNC Investment will post 1.56 earnings per share for the current year.

About AGNC Investment

(Get Free Report)

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

Further Reading

Dividend History for AGNC Investment (NASDAQ:AGNC)

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