AGNC Investment Corp. (AGNC) to Issue Monthly Dividend of $0.12 on July 10th

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.12 per share by the real estate investment trust on Friday, July 10th. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Tuesday, June 30th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Trading Up 0.1%

AGNC opened at $10.31 on Friday. The company’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.77. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 8.52 and a beta of 1.32. AGNC Investment has a 1-year low of $9.05 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of ($114.00) million during the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. As a group, equities analysts forecast that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AGNC has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. UBS Group increased their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Piper Sandler reiterated an “overweight” rating on shares of AGNC Investment in a report on Thursday, June 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.06.

AGNC Investment Company Profile

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.