AGNC Investment (NASDAQ:AGNCP) Stock Falls 0.6% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNCP) traded down 0.6% during trading on Tuesday. The stock traded as low as $24.67 and last traded at $24.68. Approximately 116,520 shares traded hands during trading, an increase of 61% from the average daily volume of 72,495 shares. The stock had previously closed at $24.83.

AGNC Investment Stock Down 0.6%

The company’s fifty day moving average price is $25.29 and its 200-day moving average price is $25.01.

AGNC Investment Increases Dividend

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

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.