AGNC Investment Corp. (AGNC) To Go Ex-Dividend on October 30th

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, October 7th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.12 per share by the real estate investment trust on Tuesday, November 10th. This represents a $1.44 annualized dividend and a yield of 16.6%. The ex-dividend date is Friday, October 30th.

AGNC Investment has decreased its dividend payment by an average of 0.0%per year over the last three years. AGNC Investment has a dividend 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. 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 Stock Performance

Shares of AGNC stock opened at $8.68 on Friday. AGNC Investment has a fifty-two week low of $8.41 and a fifty-two week high of $12.19. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 4.57 and a beta of 1.36. The stock’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $10.46.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period last year, the firm posted ($0.17) EPS. As a group, equities analysts forecast that AGNC Investment will post 1.6 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in AGNC Investment during the second quarter worth about $704,076,000. Equity Investment Corp purchased a new position in AGNC Investment during the second quarter valued at approximately $106,123,000. Bank of America Corp DE acquired a new position in AGNC Investment in the second quarter valued at approximately $77,501,000. Bank of New York Mellon Corp purchased a new stake in AGNC Investment in the 2nd quarter worth approximately $40,182,000. Finally, Advisors Capital Management LLC purchased a new stake in AGNC Investment in the 2nd quarter worth approximately $35,421,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company’s investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.

AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.