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

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Monday, August 31st will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Monday, August 31st.

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. 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 Price Performance

Shares of NASDAQ:AGNC opened at $10.88 on Thursday. The business has a fifty day moving average price of $10.73 and a 200-day moving average price of $10.75. The company has a market capitalization of $12.90 billion, a PE ratio of 5.73 and a beta of 1.32. AGNC Investment has a 1-year low of $9.46 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted ($0.17) EPS. On average, sell-side analysts anticipate that AGNC Investment will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its stake in AGNC Investment by 0.3% in the second quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after acquiring an additional 900 shares during the period. Wealthspire Advisors LLC increased its position in AGNC Investment by 0.9% during the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the period. Davidson Trust Co. increased its position in AGNC Investment by 4.4% during the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 985 shares during the period. Spinnaker Investment Group LLC increased its position in AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 1,014 shares during the period. Finally, Lido Advisors LLC raised its holdings in shares of AGNC Investment by 10.4% in the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,046 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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.