Shares of AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report) dropped 0.3% on Tuesday. The stock traded as low as $25.29 and last traded at $25.27. 13,191 shares changed hands during trading, a decline of 49% from the average daily volume of 25,838 shares. The stock had previously closed at $25.34.
AGNC Investment Trading Up 1.1%
The firm’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $25.66.
AGNC Investment Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.5856 per share. This represents a $2.34 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.5720.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in agency residential mortgage-backed securities (MBS). These securities are generally issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by the U.S. government. The company generates income mainly from the spread between the yields on its investments and its borrowing costs, while also managing interest-rate and prepayment risks.
AGNC Investment’s portfolio may include residential mortgage pass-through securities, collateralized mortgage obligations and other assets related to the agency mortgage market.
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