AGNC

AGNC Investment Corp. 7.75% Series B Cumulative Redeemable Preferred Stock (AGNCL)

Market Closed
5 Dec, 20:00
NASDAQ (NGS) NASDAQ (NGS)
$
24. 85
+0.02
+0.08%
$
9.64B Market Cap
20.27 P/E Ratio
1.94% Div Yield
3,782 Volume
2.6 Eps
$ 24.83
Previous Close
Day Range
24.83 24.9
Year Range
22.84 26.59
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Earnings results expected in 49 days
AGNCL: What's Next For AGNC Preferreds After The Fed Cut And Rally

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 | 1 year ago