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The Hidden Fragility Behind AGNC's Double-Digit Dividend

3 months ago
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The Hidden Fragility Behind AGNC's Double-Digit Dividend

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History Says AGNC Can Keep Paying Through a Rate Shock: Its Dividend Held as Book Value Fell 38% in 2022

AGNC has paid continuous dividends since 2008 but repeatedly cut the payout as book value declined, including a 38% book-value drop in 2022 when the dividend held. The pattern shows dividend durabilit...
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9% Dividend Yield Wins The Wrong Contest From AGNC Investment

AGNC Investment preferred shares are overpriced, with AGNCO's 9.03% stripped yield and 4.993% floating spread still ~2.5% above the buy target. Both AGNCO and AGNCN face negative worst-cash-to-call sc...
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The $97.2 Billion Portfolio Behind AGNC Investment's 13%+ Yield

AGNC Investment's $97.2B portfolio of low-risk Agency MBS, amplified by leverage, supports its 13%+ dividend yield.

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