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American Capital Agency Corp. Message Board

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  • alw59saw alw59saw Dec 2, 2012 12:39 AM Flag

    Any Chance of A Special Divi in Dec. to Beat The Cliff, or It Doesn't Matter?

    Sorry, no special dividend this year (from retained earnings that will be taxed unles distributed OR spent). AGNC management decided to buy back its own shares at below book value prices with the retained earnings money. Thus, they will have paid out at least 90% of net income (because the buy-back is treated as an expense to earnings) and no income tax will be due.

    Management decided that their plan was stronger and better for shareholders than paying a special dividend.

    Sentiment: Buy

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