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

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, July 8th. Stockholders of record on Friday, July 31st will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, August 11th. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Friday, July 31st.

AGNC Investment has decreased its dividend payment 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 tumble. 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 Trading Down 1.6%

Shares of AGNC stock opened at $10.94 on Thursday. The company’s fifty day simple moving average is $10.55 and its 200-day simple moving average is $10.80. AGNC Investment has a 52 week low of $9.11 and a 52 week high of $12.19. The company has a market cap of $12.56 billion, a PE ratio of 9.04 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. Equities research analysts expect that AGNC Investment will post 1.56 EPS for the current fiscal year.

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.