AGNC Investment Corp. Announces Q4 Preferred Stock Dividends
AGNC Investment Corp. Declares Preferred Stock Dividends
AGNC Investment Corp. (NASDAQ: AGNC), a prominent player in agency residential mortgage-backed securities, has announced exciting news for its investors. The company has declared cash dividends for its series of preferred stock for the upcoming fourth quarter. This announcement reflects AGNC's ongoing dedication to providing reliable returns to its shareholders.
Details of Preferred Stock Dividends
The Board of Directors has issued a statement regarding the dividends for several series of preferred stock held by AGNC. Here’s a summary of the declared dividends:
Series C Preferred Stock (Ticker: AGNCN)
The Series C Fixed-to-Floating Rate preferred stock boasts a dividend rate projected to be 10.01991% per annum. The dividend per depositary share for this series amounts to $0.64016.
Series D Preferred Stock (Ticker: AGNCM)
This series records a dividend rate of 9.24091% per annum, offering a dividend per depositary share of $0.59039. Its fluctuation with market rates reflects AGNC's strategic adjustments to industry dynamics.
Series E Preferred Stock (Ticker: AGNCO)
Investors can also look forward to the Series E having a dividend rate of 9.90191% per annum, translating to a dividend of $0.63262 per depositary share.
Series F Preferred Stock (Ticker: AGNCP)
The Series F offers a more conservative dividend rate of 6.125%, resulting in a dividend of $0.3828125 per depositary share, which provides stability amidst changing economic conditions.
Anticipated Payment Dates
AGNC has designated January 15, 2025, as the payment date for these dividends. Shareholders must be on record by January 1, 2025, to qualify for these payouts. This structured timeline allows investors to prepare and manage their expectations regarding cash flow from these investments.
About AGNC Investment Corp.
Founded in 2008, AGNC Investment Corp. (NASDAQ: AGNC) specializes in investing in agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by leading institutions such as Fannie Mae and Freddie Mac. By utilizing leveraged investments and dynamic risk management strategies, AGNC positions itself to mitigate risks associated with market fluctuations and interest rates.
To date, AGNC has successfully provided substantial dividend payouts, amounting to over $13 billion paid to common stockholders since its inception. This impressive figure underscores AGNC's position as a significant source of private capital within the U.S. residential housing market.
The Road Ahead for AGNC
Looking forward, AGNC aims to continue enhancing its portfolio by leveraging its extensive experience in managing mortgage assets across different market cycles. The company's commitment to long-term returns remains a top priority, reassuring shareholders of its stability and growth potential in the competitive finance landscape.
Frequently Asked Questions
What is the dividend rate for AGNC's Series C Preferred Stock?
The Series C Preferred Stock has a dividend rate of 10.01991% per annum.
When will the dividends be paid to shareholders?
The dividends will be paid on January 15, 2025, to those who hold shares as of January 1, 2025.
Can I find detailed information about AGNC's investment strategy?
Yes, AGNC provides comprehensive insights regarding its investment strategies and risk management measures on its official website and through investor communications.
How has AGNC performed historically in terms of dividends?
AGNC has a solid track record, having distributed over $13 billion in common stock dividends since its founding.
What should I know about investing in AGNC's preferred stocks?
Investing in AGNC's preferred stocks can provide steady dividend income, but interested investors should consider market conditions and AGNC's strategic focus in mortgage-backed securities.
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