AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report)’s stock price dropped 0.5% on Thursday . The stock traded as low as $25.80 and last traded at $25.80. 21,978 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 26,246 shares. The stock had previously closed at $25.92.
AGNC Investment Stock Performance
The company’s 50 day moving average is $25.71 and its 200-day moving average is $25.65.
AGNC Investment Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.572 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, July 1st. This represents a $2.29 dividend on an annualized basis and a yield of 8.9%.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust that primarily invests in residential mortgage-backed securities (MBS) guaranteed by U.S. government agencies or sponsored entities such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income and total return through interest rate spreads, deploying leverage and hedging strategies to manage interest rate and spread risk. Its investment portfolio typically comprises agency MBS across various coupon rates and maturities, supplemented by financing instruments and derivatives to optimize risk-adjusted returns.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp.
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