AGNC Investment (NASDAQ:AGNCL) Trading 0.4% Higher – Still a Buy?

AGNC Investment Corp. (NASDAQ:AGNCL)’s share price rose 0.4% on Thursday . The stock traded as high as $24.99 and last traded at $24.94. Approximately 27,623 shares were traded during trading, an increase of 112% from the average daily volume of 13,002 shares. The stock had previously closed at $24.84.

AGNC Investment Stock Performance

The business’s 50-day moving average price is $24.77 and its 200-day moving average price is $24.87.

AGNC Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st were issued 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, December 31st.

AGNC Investment Company Profile

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.