AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) declared a monthly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Friday, May 29th.
AGNC Investment has decreased its dividend by an average of 0.0%annually over the last three years. AGNC Investment has a 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 decline. 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 $10.72 on Friday. The company’s 50-day moving average is $10.56 and its 200 day moving average is $10.73. The company has a market capitalization of $12.31 billion, a P/E ratio of 8.86 and a beta of 1.35. AGNC Investment has a fifty-two week low of $8.65 and a fifty-two week high of $12.19.
About AGNC Investment
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.
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