AGNC Investment Corp. (NASDAQ:AGNCO – Get Free Report)’s stock price dropped 0.2% during trading on Tuesday. The stock traded as low as $25.11 and last traded at $25.13. Approximately 36,909 shares traded hands during trading, an increase of 28% from the average session volume of 28,927 shares. The stock had previously closed at $25.19.
AGNC Investment Trading Up 1.1%
The firm’s 50 day simple moving average is $25.58 and its 200-day simple moving average is $25.43.
AGNC Investment Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.5780 dividend. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5646. This represents a $2.31 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, October 1st.
About AGNC Investment
AGNC Investment Corp. is a real estate investment trust that invests primarily in agency residential mortgage-backed securities. These securities are issued or guaranteed by U.S. government-sponsored enterprises and agencies, including Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate income from its investment portfolio while managing interest-rate, prepayment and financing risks.
AGNC finances its investments mainly through repurchase agreements and other secured borrowing arrangements.
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