Advertisement
U.S. markets closed
  • S&P Futures

    5,208.50
    -6.25 (-0.12%)
     
  • Dow Futures

    39,203.00
    -20.00 (-0.05%)
     
  • Nasdaq Futures

    18,189.00
    -42.50 (-0.23%)
     
  • Russell 2000 Futures

    2,047.90
    -1.90 (-0.09%)
     
  • Crude Oil

    82.57
    -0.15 (-0.18%)
     
  • Gold

    2,164.30
    0.00 (0.00%)
     
  • Silver

    25.31
    +0.05 (+0.18%)
     
  • EUR/USD

    1.0878
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • Vix

    14.33
    -0.08 (-0.56%)
     
  • GBP/USD

    1.2725
    -0.0004 (-0.03%)
     
  • USD/JPY

    149.3520
    +0.2540 (+0.17%)
     
  • Bitcoin USD

    65,869.38
    -1,982.66 (-2.92%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Nikkei 225

    39,596.29
    -144.15 (-0.36%)
     

Dividend Coverage: This Residential REIT has a Dividend Yield of 9.98%; Will Trade Ex-Dividend on August 29, 2017

LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily takes a closer look at AGNC Investment Corp. (NASDAQ: AGNC) as the Company's stock will begin trading ex-dividend on August 29, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 28, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on AGNC. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=AGNC

Dividend Declared

On August 14, 2017, AGNC Investment announced that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for August 2017. The dividend is payable on September 08, 2017, to common stockholders of record as of August 31, 2017, with an ex-dividend date of August 29, 2017.

AGNC Investment's indicated dividend represents a yield of 9.98%, which is more than triple the average dividend yield of 3.18% for the Financial sector.

Dividend Insights

AGNC Investment has a dividend payout ratio of 84.4%, which indicates that the Company distributes approximately $0.84 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, AGNC Investment is estimated to report earnings of $2.41 in the coming year, while its annualized dividend is $2.16.

AGNC Investment is a mortgage Real Estate Investment Trust (REIT). REITs are structured by law to distribute at least 90% of earnings. Mortgage REITs primarily generate their revenues from the interest that earned on their mortgage loans and if not floating rate, earn fixed rates over a longer period of time. Mortgage REITs hold mortgages and MBS on their balance sheets,and fund these investments with equity and debt capital. Their general objective is to earn a profit from their net interest margin, that is, the spread between interest income on their mortgage assets and their funding costs. Mortgage REITs rely on a variety of funding sources, including common and preferred equity, repurchase agreements, structured financing, convertible and long-term debt, and other credit facilities

Apart from net income that is measured for the Companies, mortgage REITs report Comprehensive income, which is used to measure the change in an owner's interest in a business. Comprehensive income is calculated by adding net income, the sum of recognized revenues minus the sum of recognized expenses, to other comprehensive income. For instance, for the quarter ended June 31, 2017, AGNC Investment reported $0.40 comprehensive income per common share, comprised of $0.05 of net income per common share and $0.35 of other comprehensive income ("OCI") per common share, consisting of net unrealized gains on the Company's Agency securities recognized through OCI.

About the Company

AGNC Investment Corp. is an internally-managed REIT that invests primarily in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a US Government agency or a US Government-sponsored entity.

Recent Development for AGNC Investment

On August 16, 2017, AGNC Investment announced that it will redeem all 6.9 million of the issued and outstanding shares of its 8.000% Series A Cumulative Redeemable Preferred Stock. The redemption amount for the Series A Preferred Stock will be $25.00 per share, plus $0.333 per share of accrued and unpaid dividends to, but not including, the redemption date of September 15, 2017.

Stock Performance

On Friday, August 25, 2017, the stock closed the trading session at $21.64, slightly falling 0.09% from its previous closing price of $21.66. A total volume of 3.96 million shares have exchanged hands, which was higher than the 3-month average volume of 3.73 million shares. AGNC Investment's stock price surged 5.41% in the last three months, 10.80% in the past six months, and 8.85% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 19.36%. The stock is trading at a PE ratio of 4.48 and has a dividend yield of 9.98%. At Friday's closing price, the stock's net capitalization stands at $7.70 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

Advertisement