AGNC Investment Corp. (NASDAQ:AGNC) Announces 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) announced a monthly dividend on Thursday, August 7th, Wall Street Journal reports. Investors 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 yield of 15.1%. The ex-dividend date of this dividend 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 tumble. 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 $0.07 on Wednesday, reaching $9.53. The company's stock had a trading volume of 2,862,219 shares, compared to its average volume of 25,688,234. The stock's 50-day moving average is $9.37 and its two-hundred day moving average is $9.44. AGNC Investment has a 52-week low of $7.85 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $9.92 billion, a P/E ratio of 28.02 and a beta of 1.28.

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

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).