AGNC Investment Corp. (NASDAQ:AGNCM – Get Free Report) traded down 0.1% on Friday . The stock traded as low as $24.73 and last traded at $24.83. 11,268 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 14,788 shares. The stock had previously closed at $24.85.
AGNC Investment Trading Down 0.1%
The firm has a fifty day moving average of $24.70 and a 200-day moving average of $24.86.
AGNC Investment Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were issued a $0.5422 dividend. This represents a $2.17 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Wednesday, December 31st.
AGNC Investment Company Profile
AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.
To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.
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