Pretty sure he meant the important part is that earnings were high enough to cover the dividend. Anything above that is gravy, but not near as important as signaling the dividend is secure. Most longs are here for the dividend, not because this is a growth play.
And I'm fairly certain he's also referring to the traditional run into the ex-dividend date. Not a post earnings bump. AGNC doesn't usually hit its high until it gets close to ex-div.
You might not consider this a growth stock, but the earnings have grown steadily every quarter. I see plenty of growth here, but why doesn't the market? Covering the dividend has never really been in question--they've never had a problem there. The share price should be double what it is.
Just want a decent economic rate of return. Not so worried about share price or one time dividends. How am I doing over 12, 16 or 20 quarters? Simplistic for sure, but I can put a sharp pencil to it and get the answers I need.