AGNC Investment Corp. 7.75% Series B Cumulative Redeemable Preferred Stock (AGNCL)
Market Closed
17 Dec, 21:00
NASDAQ (NGS) NASDAQ (NGS) Primary $
24. 74
-0.16
-0.64%
$
9.64B Market Cap
20.27 P/E Ratio
1.94% Div Yield
46,061 Volume
2.6 Eps
$ 24.9
Previous Close Day Range
24.7 24.97
Year Range
22.84 26.59
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Earnings results expected in 39 days
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
