AGNC Investment (NASDAQ:AGNCM – Get Free Report) is expected to issue its resultson Monday, April 20th. Analysts expect the company to announce earnings of $0.3664 per share and revenue of $988.60 million for the quarter.
AGNC Investment Stock Up 0.1%
AGNC Investment stock opened at $24.61 on Friday. AGNC Investment has a 12-month low of $23.63 and a 12-month high of $25.36. The firm’s fifty day moving average price is $24.68 and its 200 day moving average price is $24.71.
AGNC Investment Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.5166 per share. This represents a $2.07 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Wednesday, April 1st.
About AGNC Investment
AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.
To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.
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