AGNC Investment (NASDAQ:AGNCP) Trading Up 0.4% – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNCP)’s share price traded up 0.4% during trading on Tuesday . The stock traded as high as $25.10 and last traded at $25.06. 47,108 shares were traded during mid-day trading, a decline of 43% from the average session volume of 82,899 shares. The stock had previously closed at $24.96.

AGNC Investment Trading Up 0.4%

The company has a 50-day moving average of $25.05 and a 200-day moving average of $24.89.

AGNC Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.5488 dividend. This is an increase from AGNC Investment’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.