AGNC Investment Corp. is in a more stable position, with refinancing risk low and cash flow recovering as it shifts toward higher rate mortgage-backed securities. Recent book value gains have been offset by equity dilution, which I view as a negative for shareholder value, especially given AGNC's low price-to-book ratio last year. AGNC's book value is safer than it was, with low refinancing risk and declining MBS spreads, creating a goldilocks environment for leveraged mortgage owners.
AGNC is rebounding on lower mortgage rates, with first-quarter net interest income turning positive after last year's loss.
I maintain my hold rating on AGNC Investment due to ongoing uncertainties around interest rates, tariffs, and the future of Fannie Mae and Freddie Mac. AGNC's high yield remains attractive, but the lack of Fed rate cuts continues to pressure margins and delay potential dividend growth. Trump's possible end to Fannie and Freddie conservatorship introduces new risks regarding the creditworthiness of agency MBS in AGNC's portfolio.
The latest trading day saw AGNC Investment (AGNC) settling at $9.19, representing a -1.5% change from its previous close.
AGNC's 15.43% yield and rising NII look appealing, but its premium valuation and mortgage market risks suggest caution. Let us find out.
Charts? Dog photos? Me? An Opportunity to learn? So many reasons to like this article. Beware of extremely high return on equity figures. It looks great today, but you need to evaluate the source of the income.
BETHESDA, Md. , June 12, 2025 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared cash dividends on the outstanding depositary shares1 of the following series of preferred stock for the second quarter 2025: Series of Preferred Stock Ticker Per Annum Dividend Rate Dividend Per Depositary Share 1 7.00% Series C Fixed-to-Floating Rate AGNCN 9.63315%2 $0.60876 6.875% Series D Fixed-to-Floating Rate AGNCM 8.85415%3 $0.55953 6.50% Series E Fixed-to-Floating Rate AGNCO 9.51515%4 $0.60130 6.125% Series F Fixed-to-Floating Rate AGNCP 9.21915%5 $0.58260 7.750% Series G Fixed-Rate Reset AGNCL 7.750 % $0.48438 1.
BETHESDA, Md. , June 12, 2025 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for June 2025.
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AGNC Investment (AGNC) reachead $9.33 at the closing of the latest trading day, reflecting a +1.3% change compared to its last close.
We all learn over time. Some of us more than others. The agency mortgage REIT price-to-book ratios are getting really high, except for the weaker ones. That doesn't make the weak ones a great bargain. Main Street Capital stands out among BDCs for superior management and NAV growth, but that valuation just refuses to come down.
I love passive income machines, pouring steady and reliable cash into my account. Every month, I collect income and use it to grow my portfolio or pay expenses. The market is turbulent; I benefit from every swing to grow my income stream.