AGNC Investment (NASDAQ:AGNCL) Trading Up 0.4% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNCL)’s share price was up 0.4% on Friday . The stock traded as high as $25.22 and last traded at $25.15. Approximately 9,638 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 14,184 shares. The stock had previously closed at $25.05.

AGNC Investment Stock Up 0.4%

The firm’s 50 day moving average is $24.74 and its two-hundred day moving average is $24.86.

AGNC Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.4844 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.