AGNC preferreds have rallied in 2024 alongside the broader income market due to a strong macro backdrop and Fed rate cuts. Within the preferred suite, we like AGNCL and floating-rate AGNCO, trading at yields of 7.7% and 9.8% respectively. We see a yield upside for AGNCL and a downside for AGNCO. Redemption risk for floating-rate preferreds is mitigated by high yields and modest price impact.
AGNC AGNCL In 3 weeks Estimated | Quarterly | $0.48 Per Share |
AGNC AGNCL 2 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 5 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 8 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 11 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 28 Mar 2024 Paid | Quarterly | $0.48 Per Share |
21 Jul 2025 (43 Days) Date | | - Cons. EPS | - EPS |
21 Apr 2025 Date | | - Cons. EPS | - EPS |
20 Jan 2025 Date | | - Cons. EPS | - EPS |
28 Oct 2024 Date | | - Cons. EPS | - EPS |
21 Oct 2024 Date | | - Cons. EPS | - EPS |
AGNC AGNCL In 3 weeks Estimated | Quarterly | $0.48 Per Share |
AGNC AGNCL 2 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 5 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 8 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 11 months ago Paid | Quarterly | $0.48 Per Share |
AGNC AGNCL 28 Mar 2024 Paid | Quarterly | $0.48 Per Share |
21 Jul 2025 (43 Days) Date | | - Cons. EPS | - EPS |
21 Apr 2025 Date | | - Cons. EPS | - EPS |
20 Jan 2025 Date | | - Cons. EPS | - EPS |
28 Oct 2024 Date | | - Cons. EPS | - EPS |
21 Oct 2024 Date | | - Cons. EPS | - EPS |
REIT - Mortgage Industry | Real Estate Sector | Mr. Peter J. Federico CEO | NASDAQ (NGS) Exchange | 00123Q856 Cusip |
US Country | 53 Employees | 1 Apr 2025 Last Dividend | - Last Split | 8 Sep 2022 IPO Date |
AGNC Investment Corp. operates as a pivotal entity within the United States housing market, providing private capital to accommodate a variety of needs. The organization positions itself as a significant investor in the residential mortgage-backed securities domain, focusing primarily on assets that come with the reliability of government sponsorship or guarantee. It operates under the framework of a real estate investment trust (REIT), a designation that allows it to enjoy certain tax advantages, provided it adheres to specific income distribution guidelines. Originally known as American Capital Agency Corp., the company underwent a rebranding in September 2016 to its current designation, signaling a strategic realignment or expansion of its business model. Founded in 2008, AGNC Investment Corp. is based in Bethesda, Maryland, demonstrating a blend of experience and strategic positioning within the financial and housing sector.
These are investments in pools of residential mortgages that have been securitized. Essentially, the cash flow from the underlying mortgages is passed through to investors. These securities are appealing because they are backed by the government-sponsored enterprises (GSEs) or government agencies, which minimizes the risk of default.
CMOs are a type of mortgage-backed security in which mortgages are pooled and then dissected into various tranches that have different levels of priority in the cash flow from the pool. This structure allows investors to select tranches that match their risk appetite and investment horizon. Just like the residential mortgage pass-through securities, the principal and interest payments of CMOs that AGNC Investment Corp. invests in are guaranteed by a U.S. government-sponsored enterprise or agency.