AGNC Investment Corp. (NASDAQ:AGNCL – Get Free Report) fell 0.5% during trading on Friday . The stock traded as low as $24.86 and last traded at $24.89. 3,083 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 14,809 shares. The stock had previously closed at $25.02.
AGNC Investment Stock Down 0.5%
The business’s fifty day moving average is $24.78 and its two-hundred day moving average is $24.81.
AGNC Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Wednesday, April 1st.
About AGNC Investment
AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.
The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.
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