AGNC Investment Corp. (NASDAQ:AGNC) Announces Monthly Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Tuesday, March 31st.

AGNC Investment has decreased its dividend payment by an average of 0.0%annually over the last three years. AGNC Investment has a dividend payout ratio of 88.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $10.39 on Friday. AGNC Investment has a one year low of $7.85 and a one year high of $12.19. The company has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $10.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $11.67 billion, a PE ratio of 7.42 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. Research analysts expect that AGNC Investment will post 1.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on AGNC. Wells Fargo & Company boosted their target price on AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Piper Sandler increased their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 29th. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Finally, Royal Bank Of Canada increased their target price on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Company Profile

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.