However, this particular strategy is detrimental to BV in a declining interest rate environment. On average, the portfolio was deployed for approximately 27 days during the stub period. AGNC continued to benefit from the continued decrease in repurchase (“repo”) agreement rates. Second, my projection for AGNC’s interest expense account was $160 million. However, a portion of such distributions may be designated by us as long-term capital gain to the extent that such portion is attributable to our sale of capital assets held for more than one year. When you refinance your home, you close out a high-rate loan and take out a low-rate loan. In comparison, AGNC reported compensation expense and operating expenses of $13 and $11 million, respectively. That's great for homeowners, but not so much for investors -- the high-rate MBSes get paid back early and AGNC has to reinvest in lower-coupon MBSes.
BETHESDA, Md., April 8, 2020 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for April 2020.. Returns as of 08/14/2020. This weighted average per share price excludes all dividends received/reinvested.On 1/31/2017, I initiated a position in NRZ at a weighted average purchase price of $15.10 per share. Moving to dividend metrics, I currently believe AGNC will declare the following monthly dividends for the remainder of 2020: Dividend for August – December 2020 … While this specific reduction occurred within AGNC’s interest rate swaps, the company also increased its U.S. Treasury securities net (short) position to a greater extent versus my expectations (as discussed earlier) which directly led to a slightly higher ratio.As I have highlighted in various prior mREIT articles, typically a derivatives portfolio with a higher hedging coverage ratio mitigates the severity of BV losses (or enhances BV gains) in a rising interest rate environment. Good outlook for AGNC. AGNC’s hedging coverage ratio slightly decreased to 66% as of 6/30/2020. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}} AGNC Investment Corp. 2020 Q2 - Results - Earnings Call Presentation: 18: Seeking Alpha : 29.07. See you at the top! As such, we are required to distribute annually 90% of our taxable net income. On 6/29/2017, 7/7/2017, and 12/21/2018, I increased my position in NRZ at a weighted average purchase price of $15.775, $15.18, and $14.475 per share, respectively. AGNC reported 18.7% economic return on tangible common equity in 2019, which encompasses the $2.00 per share it paid in dividends plus its tangible net book value per share. I am not receiving compensation for it (other than from Seeking Alpha). AGNC is currently trading at 13.3 times its projected 2020 earnings, and we see this as overvalued based on its longer-term P/E averages. These ranges are unchanged when compared to my last AGNC article.As of 8/12/2020, AGNC’s stock price closed at $13.65 per common share.Along with the data presented within this article, this recommendation considers the following mREIT catalysts/factors:On 3/18/2020, I once again initiated a position in AGNC at a weighted average purchase price of $7.115 per share. I think AGNC remains a solid dividend stock for investors in 2020 for a few reasons. Features
)+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i In comparison, AGNC reported a net loss of ($385) million (which included an extraordinary event [loss on extinguishment of debt]). The company reported fully diluted earnings per share of $1.24 for the second quarter and paid $0.36 in dividends.The biggest near-term risk for AGNC is a big pickup in prepayment speeds, which happens when homeowners refinance their mortgages en masse. When calculated, this was a variance of 2.9% which directly results in higher premium amortization expense (contra income account) during the quarter. AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for August 2020. The dividend is payable on May 11, 2020 to common stockholders of record as of April 30, 2020.. I anticipate AGNC will continue to, at the least, maintain a more Readers have continued to request that I provide these types of When all accounts are combined, I projected AGNC would report comprehensive income of $850 million during the second quarter of 2020. This weighted average per share price excluded all dividends received/reinvested. As such, AGNC’s non-tangible (Source: Table created by me, including all calculated figures and percentages)Using Table 2 above as a reference, when comparing AGNC’s portfolio as of 6/30/2020 versus 3/31/2020, the company had a net par value increase (decrease) in its 15-year fixed-rate agency MBS holdings with a 2.0%, 2.5%, 3.0%, 3.5%, 4.0%, 4.5%, and 5.0% coupon of $5.9, $0.8, ($0.5), ($0.2), ($0.1), less than ($0.1), and less than ($0.1) billion, respectively. Cumulative Growth of a $10,000 Investment in Stock AdvisorHow the Federal Reserve Has Helped AGNC Investment @themotleyfool #stocks $AGNC
Ned Lamont Height, Ancient Egypt Romance, Hot Springs Hotel Santa Barbara, Alicia Morton - Imdb, Warhammer: Shadow Of The Horned Rat Gameshark Codes, Willard Movie Rats, Red Dragon Apparel Logo, North Fork High School West Virginia, Fillet Definition Verb, Quality Inn & Suites4,1(248)1,1 Km Away€68, Michelin Man Light, Malachi Urban Dictionary,