AGNC Investment (NASDAQ:AGNCL) Trading Up 0.4% – Here’s Why

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

AGNC Investment Price Performance

The firm has a 50-day simple moving average of $24.77 and a 200-day simple moving average of $24.87.

AGNC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were issued a $0.4844 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%.

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.