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

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Wednesday, August 12th. Stockholders 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) dividend on an annualized basis and a dividend yield of 13.1%. 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Up 0.7%

Shares of AGNC stock opened at $10.96 on Friday. AGNC Investment has a 12-month low of $9.54 and a 12-month high of $12.19. The business’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $10.74. The company has a market cap of $12.99 billion, a PE ratio of 5.77 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter last year, the company earned ($0.17) earnings per share. On average, equities analysts forecast that AGNC Investment will post 1.6 earnings per share for the current year.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after buying an additional 1,304,782 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of AGNC Investment by 43.1% during the 4th quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock valued at $5,216,000 after buying an additional 146,508 shares during the period. Trivium Point Advisory LLC lifted its holdings in AGNC Investment by 18.9% in the fourth quarter. Trivium Point Advisory LLC now owns 1,355,114 shares of the real estate investment trust’s stock valued at $14,527,000 after acquiring an additional 215,586 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in AGNC Investment by 921.8% in the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after acquiring an additional 514,804 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in AGNC Investment by 187.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock worth $8,430,000 after acquiring an additional 512,574 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

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.