AGNC Investment Corp. (NASDAQ:AGNCZ – Get Free Report) shares shot up 1.1% during trading on Thursday. The company traded as high as $24.27 and last traded at $24.21. Approximately 130,711 shares changed hands during trading, an increase of 133% from the average daily volume of 55,993 shares. The stock had previously closed at $23.94.
AGNC Investment Price Performance
The business’s 50-day simple moving average is $25.27 and its 200-day simple moving average is $25.28.
AGNC Investment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.0%.
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, as well as securities guaranteed by the Government National Mortgage Association (Ginnie Mae).
The company seeks to generate income from its mortgage investments and manage interest-rate and prepayment risks through financing arrangements, derivatives and other hedging strategies.
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