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

Key Points

• AGNC Investment declared a monthly dividend of $0.12 per share, payable September 10 to shareholders of record August 31. The dividend implies an annualized payout of $1.44 and a 13.2% yield.
• The dividend is currently supported by earnings, with an 88.3% payout ratio; analysts expect next year’s earnings of $1.51 per share, implying a higher projected payout ratio of 95.4%.
• AGNC reported quarterly EPS of $0.40, exceeding the $0.38 analyst consensus. Its stock opened at $10.88, while institutional investors and hedge funds own 38.28% of outstanding shares.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a monthly dividend on Wednesday, August 12th. Investors of record on Monday, August 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, September 10th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Stock Down 0.1%

AGNC Investment stock opened at $10.88 on Thursday. The business has a 50 day moving average price of $10.73 and a two-hundred day moving average price of $10.75. AGNC Investment has a 12 month low of $9.46 and a 12 month high of $12.19. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 5.73 and a beta of 1.32.

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

Insiders Place Their Bets

In other news, EVP Bernice Bell sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company's stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Vanguard Group Inc. grew its holdings in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust's stock worth $1,047,828,000 after purchasing an additional 1,304,782 shares during the last quarter. BlackRock Inc. acquired a new position in AGNC Investment during the 2nd quarter worth about $704,076,000. Geode Capital Management LLC grew its holdings in AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust's stock worth $312,275,000 after acquiring an additional 1,596,244 shares during the last quarter. State Street Corp grew its holdings in AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust's stock worth $197,774,000 after acquiring an additional 1,090,374 shares during the last quarter. Finally, Norges Bank acquired a new stake in AGNC Investment in the 4th quarter valued at about $141,830,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source