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

AGNC Investment Corp. (NASDAQ:AGNCPGet Free Report)’s share price was up 0.4% during trading on Monday . The stock traded as high as $24.97 and last traded at $24.97. Approximately 68,507 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 92,361 shares. The stock had previously closed at $24.87.

AGNC Investment Stock Up 0.1%

The firm has a fifty day moving average price of $24.63 and a 200-day moving average price of $24.85.

AGNC Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were issued a $0.5394 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.16 annualized dividend and a dividend yield of 8.6%.

About AGNC Investment

(Get Free Report)

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.

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