AGNC Investment Just Notched Its 75th Straight Monthly Dividend and Currently Yields 13%+.
Here’s What Q2 Earnings Revealed
AGNC Investment (NASDAQ: AGNC) has become a remarkably consistent dividend stock. The real estate investment trust (REIT) recently hit a milestone of 75 consecutive months of paying the same dividend rate ($0.12 per share). That’s impressive, considering all the volatility in the mortgage and interest rate markets over the past few years.
Here’s a look at the mortgage REIT’s recent second-quarter financial results and what they reveal about the future of its more than 13%-yielding monthly dividend. A strong quarter despite challenging market conditions AGNC Investment reported $0.52 per share of comprehensive net income during the second quarter and $0.40 per share in net spread and dollar roll income. Both metrics were above the REIT’s dividend payout this quarter ($0.36 per share, or $0.12 per month).