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

Key Points

• AGNC Investment declared a $0.12 per-share monthly dividend, payable October 9 to shareholders of record September 30; the annualized dividend is $1.44, implying a 13.7% yield.
• The dividend is currently supported by earnings, with an 88.3% payout ratio, but analysts expect that ratio to rise to approximately 95.4% next year, leaving less coverage if earnings decline.
• AGNC recently reported quarterly EPS of $0.40, exceeding estimates of $0.38. Its stock opened at $10.51, within a 52-week range of $9.63 to $12.19.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a monthly dividend on Wednesday, September 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

AGNC Investment has decreased its dividend payment by an average of 0.0%per year 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 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 Performance

AGNC opened at $10.51 on Thursday. The company's 50-day simple moving average is $10.87 and its two-hundred day simple moving average is $10.65. The stock has a market capitalization of $12.46 billion, a P/E ratio of 5.53 and a beta of 1.32. AGNC Investment has a 52-week low of $9.63 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 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 firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted ($0.17) earnings per share. Research analysts forecast that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Company Profile

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.