AGNC Investment (NASDAQ:AGNCP) Stock Price Up 0.3% – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNCP)’s stock price was up 0.3% during trading on Wednesday . The stock traded as high as $25.24 and last traded at $25.22. Approximately 41,080 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 84,515 shares. The stock had previously closed at $25.15.

AGNC Investment Trading Up 0.3%

The stock has a 50-day moving average of $24.75 and a 200 day moving average of $24.87.

AGNC Investment Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.5394 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.16 annualized dividend and a dividend yield of 8.6%.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.