AGNC Investment Corp. (AGNC) To Go Ex-Dividend on June 30th

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

AGNC Investment has decreased its dividend payment 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 fall. Equities research 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 Stock Up 2.6%

Shares of NASDAQ AGNC opened at $10.90 on Friday. The stock’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $10.77. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 9.01 and a beta of 1.32. AGNC Investment has a 52-week low of $9.08 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The business had revenue of ($114.00) million during the quarter, compared to the consensus estimate of $411.57 million. As a group, analysts anticipate that AGNC Investment will post 1.56 earnings per share for the current year.

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.