AGNC Investment (NASDAQ:AGNCO) Trading Down 0% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNCO)’s stock price dropped 0% on Friday . The stock traded as low as $25.44 and last traded at $25.48. Approximately 16,243 shares changed hands during trading, a decline of 27% from the average daily volume of 22,175 shares. The stock had previously closed at $25.49.

AGNC Investment Stock Performance

The business has a 50 day moving average of $25.39 and a 200-day moving average of $25.38.

AGNC Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were issued a dividend of $0.5845 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Wednesday, December 31st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).