AGNC Investment Corp. (AGNC) Declares $0.18 Nov 18 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) announced a nov 18 dividend on Friday, November 9th, RTT News reports. Stockholders of record on Friday, November 30th will be given a dividend of 0.18 per share by the real estate investment trust on Monday, December 10th. The ex-dividend date is Thursday, November 29th.

AGNC Investment has decreased its dividend by an average of 10.8% annually over the last three years. AGNC Investment has a dividend payout ratio of 88.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect AGNC Investment to earn $2.43 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 88.9%.

Shares of AGNC traded up $0.21 during mid-day trading on Friday, reaching $18.08. 7,231,944 shares of the company’s stock traded hands, compared to its average volume of 4,807,820. The stock has a market cap of $8.50 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 2.43 and a beta of 0.10. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.03. AGNC Investment has a 12 month low of $17.51 and a 12 month high of $20.84.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. The firm had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, analysts forecast that AGNC Investment will post 2.44 EPS for the current year.

In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry K. Harvey purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

Several equities research analysts recently commented on AGNC shares. Barclays reissued a “hold” rating and set a $19.00 target price on shares of AGNC Investment in a report on Wednesday, September 12th. BidaskClub cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 24th. Maxim Group boosted their target price on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.29.

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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).

Read More: Leveraged Buyout (LBO)

Dividend History for AGNC Investment (NASDAQ:AGNC)

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