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

Key Points

• AGNC Investment Corp. has announced a monthly dividend of $0.12 per share, with stockholders of record receiving this payment on September 10th, 2023.
• The company has a payout ratio of 88.3%, indicating its current dividends are covered by earnings, although future coverage may be at risk if earnings decline.
• Shares of AGNC Investment recently traded at $9.44, with analysts setting a consensus price target of $9.58 for the stock, reflecting a generally cautious outlook.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a monthly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date is Friday, August 29th.

AGNC Investment has a dividend 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 $1.57 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 91.7%.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC traded up $0.10 during midday trading on Tuesday, reaching $9.43. The company's stock had a trading volume of 3,404,302 shares, compared to its average volume of 25,755,908. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.85. The firm has a 50 day moving average price of $9.36 and a 200-day moving average price of $9.44. The stock has a market capitalization of $9.82 billion, a P/E ratio of 27.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%. The business had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, equities analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Farringdon Capital Ltd. purchased a new stake in shares of AGNC Investment in the fourth quarter worth $639,000. Wealth Enhancement Advisory Services LLC raised its position in shares of AGNC Investment by 96.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust's stock worth $1,014,000 after buying an additional 54,049 shares in the last quarter. KBC Group NV raised its position in shares of AGNC Investment by 10.2% in the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock worth $320,000 after buying an additional 3,081 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of AGNC Investment by 14.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust's stock worth $192,000 after buying an additional 2,465 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of AGNC Investment in the first quarter worth $1,240,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).