AGNC Investment Corp. (NASDAQ:AGNC) Shareholders to Get $0.12 Monthly Dividend

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Wednesday, October 7th. Shareholders of record on Friday, October 30th will be given 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 17.0%. The ex-dividend date is Friday, October 30th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 2.8%

NASDAQ AGNC opened at $8.46 on Thursday. AGNC Investment has a 52 week low of $8.42 and a 52 week high of $12.19. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 4.45 and a beta of 1.36. The company has a fifty day moving average of $10.29 and a two-hundred day moving average of $10.47.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. Equities research analysts anticipate that AGNC Investment will post 1.6 EPS for the current year.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGNC. Elevation Wealth Partners LLC lifted its holdings in AGNC Investment by 533.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 5,372 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 4,524 shares in the last quarter. Wealth Enhancement Trust Services Inc. grew its stake in AGNC Investment by 977.8% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 6,650 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 6,033 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in AGNC Investment by 10.4% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 45,324 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 4,285 shares in the last quarter. CX Institutional increased its position in shares of AGNC Investment by 407.3% during the third quarter. CX Institutional now owns 7,087 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 5,690 shares during the period. Finally, GoalVest Advisory LLC increased its position in shares of AGNC Investment by 11.8% during the third quarter. GoalVest Advisory LLC now owns 108,379 shares of the real estate investment trust’s stock worth $983,000 after acquiring an additional 11,430 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

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.