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

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Thursday, November 12th. Stockholders of record on Monday, November 30th will be given a dividend of $0.12 per share by the real estate investment trust on Wednesday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 17.6%. The ex-dividend date of this dividend is Monday, November 30th.

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 decline. 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 Trading Down 3.3%

NASDAQ AGNC opened at $8.20 on Friday. The firm has a market cap of $10.45 billion, a PE ratio of 820.82 and a beta of 1.40. AGNC Investment has a 1-year low of $8.19 and a 1-year high of $12.19. The stock has a 50-day moving average of $9.20 and a 200-day moving average of $10.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities research analysts forecast that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

About AGNC Investment

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.