AGNC Investment (NASDAQ:AGNCO) Trading Down 0% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNCO)’s stock price dropped 0% on Friday . The company traded as low as $25.44 and last traded at $25.48. Approximately 16,243 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 22,175 shares. The stock had previously closed at $25.49.

AGNC Investment Stock Performance

The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $25.38.

AGNC Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st were given a $0.5845 dividend. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend was Wednesday, December 31st.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).