AGNC Investment (NASDAQ:AGNCL) Trading Down 0.5% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNCL)’s share price dropped 0.5% on Monday . The company traded as low as $24.80 and last traded at $24.91. Approximately 37,781 shares traded hands during mid-day trading, an increase of 178% from the average daily volume of 13,595 shares. The stock had previously closed at $25.03.

AGNC Investment Price Performance

The stock’s fifty day moving average is $24.98 and its 200 day moving average is $24.93.

AGNC Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.4844 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.94 dividend on an annualized basis and a 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.