AGNC Investment Corp. (AGNC) to Distribute Jan 21 Dividend of $0.12 on February 9th

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AGNC Investment Corp. (NASDAQ:AGNC) declared a jan 21 dividend on Tuesday, January 12th, RTT News reports. Shareholders of record on Friday, January 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, February 9th.

AGNC Investment has decreased its dividend payment by 27.8% over the last three years and has raised its dividend annually for the last 1 consecutive years. AGNC Investment has a dividend payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AGNC Investment to earn $2.37 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 60.8%.

NASDAQ AGNC opened at $15.52 on Thursday. The firm’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $14.32. The stock has a market cap of $8.46 billion, a PE ratio of -30.43 and a beta of 0.96. AGNC Investment has a fifty-two week low of $6.25 and a fifty-two week high of $19.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.18 and a current ratio of 0.18.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Saturday, October 31st. The real estate investment trust reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.24. AGNC Investment had a negative net margin of 17.91% and a positive return on equity of 16.29%. The firm had revenue of $302.00 million for the quarter, compared to analysts’ expectations of $312.69 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 153.8% on a year-over-year basis. As a group, sell-side analysts predict that AGNC Investment will post 2.6 earnings per share for the current fiscal year.

AGNC has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of AGNC Investment in a report on Tuesday, December 8th. They issued an “overweight” rating and a $16.50 target price on the stock. Zacks Investment Research lowered shares of AGNC Investment from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Monday, October 19th. BTIG Research began coverage on shares of AGNC Investment in a report on Monday, November 23rd. They set a “buy” rating and a $16.50 price objective on the stock. BidaskClub lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Friday, December 18th. Finally, Bank of America upped their price objective on shares of AGNC Investment from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $15.26.

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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