AGNC Investment Corp. Plans Feb 21 Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) declared a feb 21 dividend on Thursday, February 11th, RTT News reports. Shareholders of record on Friday, February 26th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, March 9th. This represents a yield of 8.8%. The ex-dividend date of this dividend is Thursday, February 25th.

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 payout ratio of 60.0% meaning its dividend is sufficiently covered by earnings. 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 $16.51 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.18 and a quick ratio of 0.18. AGNC Investment has a 1 year low of $6.25 and a 1 year high of $19.16. The company has a market capitalization of $9.00 billion, a PE ratio of -32.37 and a beta of 0.96. The company has a fifty day moving average of $15.95 and a two-hundred day moving average of $14.89.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Sunday, January 24th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. AGNC Investment had a negative net margin of 17.91% and a positive return on equity of 16.29%. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, research analysts expect that AGNC Investment will post 2.6 earnings per share for the current year.

Several brokerages have recently weighed in on AGNC. Jefferies Financial Group began coverage on shares of AGNC Investment in a research note on Monday, December 14th. They set a “hold” rating and a $16.00 target price for the company. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a report on Friday, January 29th. JMP Securities increased their price target on shares of AGNC Investment from $15.50 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, January 22nd. Bank of America increased their target price 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. Finally, BTIG Research assumed coverage on shares of AGNC Investment in a report on Monday, November 23rd. They issued a “buy” rating and a $16.50 target price for the company. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.54.

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).

Further Reading: What Is Dividend Yield and How Do You Calculate It?

Dividend History for AGNC Investment (NASDAQ:AGNC)

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