AGNC Investment (NASDAQ:AGNCP) Shares Down 0.6% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNCP)’s stock price dropped 0.6% during mid-day trading on Tuesday. The company traded as low as $24.67 and last traded at $24.68. 116,520 shares were traded during trading, an increase of 61% from the average session volume of 72,495 shares. The stock had previously closed at $24.83.

AGNC Investment Price Performance

The stock has a 50-day moving average of $25.27 and a 200-day moving average of $25.00.

AGNC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $0.5591 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.1%. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5488. The ex-dividend date is Thursday, October 1st.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage-backed securities for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise, such as Fannie Mae or Freddie Mac, or by a U.S. government agency such as Ginnie Mae. Its portfolio may include agency mortgage pass-through securities, collateralized mortgage obligations and other related investments.

The company seeks to generate income through the interest earned on its investment portfolio and through financing, hedging and portfolio-management strategies.