AGNC
AGNC Investment Corp. 7.75% Perpetual Preferred Stock (AGNCL)
Market Open
12 Jun, 20:00
NASDAQ (NGS) NASDAQ (NGS) Primary $
24. 89
+0.07
+0.28%
$
9.35B Market Cap
20.27 P/E Ratio
1.94% Div Yield
12,000 Volume
2.6 Eps
$ 24.82
Previous Close Day Range
24.75 24.89
Year Range
22.84 26.59
Earnings results expected in 38 days
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AGNCL: What's Next For AGNC Preferreds After The Fed Cut And Rally
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.
Seekingalpha | 7 months ago
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