AGNC Investment (NASDAQ:AGNCL) Trading Up 0.4% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNCL) traded up 0.4% on Friday . The company traded as high as $25.22 and last traded at $25.15. 9,638 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 14,184 shares. The stock had previously closed at $25.05.

AGNC Investment Stock Up 0.4%

The stock has a fifty day simple moving average of $24.74 and a two-hundred day simple moving average of $24.86.

AGNC Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Wednesday, April 1st.

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.