AGNC Investment Corp. (AGNC) to Issue Monthly Dividend of $0.12 on September 10th

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, August 12th. Investors of record on Monday, August 31st will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, September 10th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Monday, August 31st.

AGNC Investment has decreased its dividend by an average of 0.0%per year 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. Equities 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 Down 0.4%

Shares of AGNC stock opened at $10.90 on Friday. AGNC Investment has a 12 month low of $9.62 and a 12 month high of $12.19. The business’s 50 day moving average is $10.88 and its two-hundred day moving average is $10.69. The company has a market cap of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32.

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

Analyst Ratings Changes

AGNC has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Friday, July 17th. Piper Sandler upped their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.11.

AGNC Investment Company Profile

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.