AGNC's Q3 results reflect a fall in the net interest spread and a rise in the combined weighted average cost of funds. A rise in asset yield offers some relief.
AGNC Investment Corp. (NASDAQ:AGNC ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Katie Turlington - IR Peter Federico - Director, President and CEO Bernie Bell - EVP and CFO Chris Kuehl - EVP and CIO Aaron Pas - SVP, Non-Agency Portfolio Management Conference Call Participants Bose George - KBW Crispin Love - Piper Sandler Rick Shane - JPMorgan Doug Harter - UBS Trevor Cranston - JMP Securities Eric Hagen - BTIG Jason Stewart - Janney Montgomery Harsh Hemnani - Green Street Operator Good morning, everyone, and welcome to the AGNC Investment Corp Third Quarter 2024 Shareholder Call. All participants will be in a listen-only mode.
24/7 Wall Street Insights NASDAQ was founded in 1971 as an automated quote stock exchange alternative to the New York Stock Exchange, and now has more listings than the NYSE.
If there's anything better than monthly dividends, well, we contrarians don't want to know about it. Getting paid on the same schedule as our bills (monthly!
AGNC Investment (AGNC) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.65 per share a year ago.
AGNC Investment Corp. has enjoyed a drastic boost in sentiment in the past few months due to recent rate cuts. Wall Street analysts now rate it as a solid "BUY". Its 13% dividend yield is attractive, but I have concerns about the sustainability of AGNC's payouts given the trend of its net interest income.
If you like big yields, be careful you don't reach too far. Here are two yields worth the risk and one that isn't.
AGNC Investment Corp., a mortgage REIT, focuses on government-backed residential mortgages, offering a high dividend yield of 13.78% with monthly payouts. AGNC provides liquid options that present opportunity for increasing income through collection of premiums. AGNC's dividends are stable and outperform peers, supported by dynamic portfolio rebalancing and hedging, ensuring sustainability despite interest rate fluctuations.
24/7 Wall St. Insights Passive income is a steady stream of unearned income that doesn't require active traditional work.
AGNC's third-quarter 2024 performance is likely to have been impacted by a decline in NII. The fall in mortgage rates is expected to have offered some support.
AGNC Investment (AGNC) closed at $10.37 in the latest trading session, marking a +0.58% move from the prior day.
If you're trying to live off the income your portfolio generates, AGNC is not for you.