AGNC Investment Corp. Plans Mar 25 Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a mar 25 dividend on Thursday, March 13th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 9th. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st.

AGNC Investment has raised its dividend payment by an average of 133.1% per year over the last three years. AGNC Investment has a dividend payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. 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 Price Performance

Shares of AGNC Investment stock traded up $0.20 on Friday, reaching $10.24. The stock had a trading volume of 18,400,834 shares, compared to its average volume of 16,016,722. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a market cap of $9.37 billion, a P/E ratio of 10.56 and a beta of 1.50. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $9.98 and its two-hundred day moving average is $9.93.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, research analysts anticipate that AGNC Investment will post 1.61 EPS for the current year.

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Analyst Ratings Changes

AGNC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, AGNC Investment has an average rating of "Moderate Buy" and an average price target of $10.50.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

About AGNC Investment

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).