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

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, April 8th. Investors of record on Thursday, April 30th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Thursday, April 30th.

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 fall. Research analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Stock Up 2.3%

AGNC stock opened at $10.32 on Thursday. The firm has a 50 day moving average of $10.78 and a 200 day moving average of $10.61. The stock has a market capitalization of $11.59 billion, a PE ratio of 7.37 and a beta of 1.38. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. Sell-side analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Activity at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the transaction, the executive vice president directly owned 552,297 shares in the company, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the transaction, the executive vice president owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 775,000 shares of company stock worth $9,246,000 in the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after acquiring an additional 1,596,244 shares during the last quarter. State Street Corp boosted its position in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after acquiring an additional 1,090,374 shares during the last quarter. Norges Bank acquired a new position in shares of AGNC Investment during the 4th quarter valued at about $141,830,000. Finally, Equity Investment Corp boosted its stake in AGNC Investment by 1.8% during the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after buying an additional 164,386 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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.