AGNC Investment Corp. (NASDAQ:AGNC) Announces Monthly Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be paid 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 dividend 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 fall. Equities 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 1.2%

Shares of NASDAQ AGNC opened at $10.30 on Friday. The stock has a market capitalization of $11.82 billion, a PE ratio of 8.51 and a beta of 1.32. The stock’s fifty day simple moving average is $10.50 and its two-hundred day simple moving average is $10.77. AGNC Investment has a 12-month low of $9.05 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, equities analysts predict that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

AGNC has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.