AGNC Investment (NASDAQ:AGNCP) Shares Up 0.3% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNCP) shares shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $25.24 and last traded at $25.22. 41,080 shares changed hands during trading, a decline of 51% from the average session volume of 84,515 shares. The stock had previously closed at $25.15.

AGNC Investment Stock Performance

The stock’s 50 day moving average price is $24.77 and its 200-day moving average price is $24.87.

AGNC Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.5488 per share. This is a boost from AGNC Investment’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.