American Capital Agency Corp. Announces Quarterly Dividend of $0.65 (AGNC)
American Capital Agency Corp. (NASDAQ:AGNC) announced a quarterly dividend on Tuesday, June 17th, Stock Ratings Network reports. Investors of record on Monday, June 30th will be paid a dividend of 0.65 per share on Monday, July 28th. This represents a $2.60 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Thursday, June 26th.
A number of analysts have recently weighed in on AGNC shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Capital Agency Corp. in a research note on Thursday, June 12th. They now have a $24.00 price target on the stock, up previously from $22.50. On a related note, analysts at Nomura raised their price target on shares of American Capital Agency Corp. from $23.00 to $24.00 in a research note on Monday, May 12th. Finally, analysts at BMO Capital Markets raised their price target on shares of American Capital Agency Corp. from $17.00 to $18.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.05.
Shares of American Capital Agency Corp. (NASDAQ:AGNC) traded down 1.06% during mid-day trading on Tuesday, hitting $23.40. 3,778,016 shares of the company’s stock traded hands. American Capital Agency Corp. has a 1-year low of $18.84 and a 1-year high of $26.10. The stock has a 50-day moving average of $23.27 and a 200-day moving average of $21.74. The company has a market cap of $8.255 billion and a price-to-earnings ratio of 10.26. American Capital Agency Corp. also saw a significant growth in short interest in the month of May. As of May 30th, there was short interest totalling 9,535,418 shares, a growth of 18.6% from the May 15th total of 8,042,227 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average trading volume of 3,226,155 shares, the short-interest ratio is presently 3.0 days.
American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, April 28th. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.49. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $322.14 million. During the same quarter last year, the company posted $0.64 earnings per share. American Capital Agency Corp.’s revenue was down 28.5% compared to the same quarter last year.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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