AGNC Investment Corp. (NASDAQ:AGNC) announced a quarterly dividend on Tuesday, August 13th, RTT News reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.16 per share by the real estate investment trust on Wednesday, September 11th. This represents a $0.64 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 29th.

AGNC Investment has decreased its dividend by an average of 4.8% annually over the last three years. AGNC Investment has a dividend payout ratio of 78.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect AGNC Investment to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 95.5%.

Shares of NASDAQ AGNC opened at $16.77 on Wednesday. AGNC Investment has a 1-year low of $16.19 and a 1-year high of $19.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a fifty day moving average of $17.13. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 2.84 and a beta of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. The company had revenue of $123.00 million during the quarter, compared to analyst estimates of $289.69 million. During the same period in the prior year, the business earned $0.63 earnings per share. On average, equities research analysts predict that AGNC Investment will post 2.01 earnings per share for the current year.

In other AGNC Investment news, CEO Gary D. Kain purchased 97,802 shares of the stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $17.73 per share, with a total value of $1,734,029.46. Following the completion of the acquisition, the chief executive officer now owns 1,300 shares of the company’s stock, valued at $23,049. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary D. Kain purchased 7,500 shares of the stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of $17.01 per share, for a total transaction of $127,575.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,300 shares of the company’s stock, valued at approximately $22,113. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Several brokerages have weighed in on AGNC. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. lowered their price target on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. BidaskClub raised AGNC Investment from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. UBS Group assumed coverage on AGNC Investment in a report on Friday, June 21st. They set a “neutral” rating and a $16.50 price target on the stock. Finally, TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.17.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).

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Dividend History for AGNC Investment (NASDAQ:AGNC)

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