American Capital Agency Declares Quarterly Dividend of $1.25 (AGNC)
American Capital Agency (NASDAQ:AGNC) announced a quarterly dividend on Thursday, March 7th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $1.25 per share on Friday, April 26th. This represents a $5.00 annualized dividend and a dividend yield of 15.52%. The ex-dividend date is Monday, March 18th.
A number of analysts have recently weighed in on AGNC shares. Analysts at TheStreet reiterated a “hold” rating on shares of American Capital Agency in a research note to investors on Monday. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of American Capital Agency in a research note to investors on Monday, February 11th. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Wunderlich raised their price target on shares of American Capital Agency from $34.00 to $36.00 in a research note to investors on Monday, February 11th. They now have a “buy” rating on the stock.
Eleven research analysts have rated the stock with a buy rating, and seven have given a hold rating to the stock. The stock presently has a consensus rating of “overweight” and an average price target of $33.91.
American Capital Agency (AGNC) traded down 0.22% on Thursday, hitting $32.21. American Capital Agency (AGNC) has a 52-week low of $28.08 and a 52-week high of $36.77. The stock’s 50-day moving average is currently $31.92. The company has a market cap of $10.916 billion and a price-to-earnings ratio of 7.74.
American Capital Agency last posted its quarterly earnings results on Friday, February 8th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. During the same quarter last year, the company posted $0.99 earnings per share.
American Capital Agency Corp. (AGNC) is a real estate investment trust (REIT). The Company earns income primarily from investing on a leveraged basis in agency mortgage-backed securities.
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