AGNC Investment (NASDAQ:AGNCP) Trading Up 0.4% – Should You Buy?

Shares of AGNC Investment Corp. (NASDAQ:AGNCP) were up 0.4% during mid-day trading on Tuesday . The stock traded as high as $25.10 and last traded at $25.06. Approximately 47,108 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 82,899 shares. The stock had previously closed at $24.96.

AGNC Investment Trading Down 0.1%

The stock has a 50-day moving average of $25.05 and a 200 day moving average of $24.89.

AGNC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.5488 dividend. This is a boost from AGNC Investment’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, July 1st. This represents a $2.20 dividend on an annualized basis and a yield of 8.8%.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.