AGNC

AGNC Investment Corp. 7.75% Perpetual Preferred Stock (AGNCL)

Market Closed
20 Jun, 20:00
NASDAQ (NGS) NASDAQ (NGS)
$
25. 21
-0.05
-0.18%
$
9.7B Market Cap
20.27 P/E Ratio
1.94% Div Yield
10,700 Volume
2.6 Eps
$ 25.26
Previous Close
Day Range
25.06 25.25
Year Range
22.84 26.59
Earnings results expected in 29 days
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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 | 8 months ago