Thu, Nov 27, 2014, 5:21 PM EST - U.S. Markets closed for Thanksgiving Day

Recent

% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

  • idccnokia2006 idccnokia2006 Oct 18, 2013 7:44 PM Flag

    AGNC sold 50 mil shares at $31.60 in Feb.. 7 months later, they buyback 11.9 mil at $22.16.

    We pocketed a cool 112 million dollars with that.
    Sweet.
    Thats going to show up somewhere as a positive.
    perhaps as positive cash balance.
    only thing that might be negative is, if they invested that money in feb, and lost money on it , then sold those losing postions, then maybe its a break even , or even a loss.
    anyway, agnc has told us that they will buback shares whenever the share price is below book.
    and that will help reduce shares, improve earnings per share, increase dividends per share, plus help put a floor on the stock price from going lower on off days.
    so perhaps buying back is better than paying more in divs.

 
AGNC
23.05+0.07(+0.33%)Nov 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.