Loading...

AGNC Investment

Nasdaq:AGNC.N
Snowflake Description

High growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGNC.N
Nasdaq
$10B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
AGNC.N Share Price and Events
7 Day Returns
0.7%
NasdaqGS:AGNC.N
0.1%
US Mortgage REITs
1.2%
US Market
1 Year Returns
1.3%
NasdaqGS:AGNC.N
0.3%
US Mortgage REITs
3%
US Market
AGNC.N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AGNC Investment (AGNC.N) 0.7% 0.8% 2.9% 1.3% - -
US Mortgage REITs 0.1% 0.6% 6.8% 0.3% 12.1% -6.7%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • AGNC.N outperformed the Mortgage REITs industry which returned 0.3% over the past year.
  • AGNC.N underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
AGNC.N
Industry
5yr Volatility vs Market

AGNC.N Value

 Is AGNC Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AGNC Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AGNC Investment.

NasdaqGS:AGNC.N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $18.39 * 12.8%
$2.35
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $18.39
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:AGNC.N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.292 (1 + (1- 21%) (788.46%))
1.743
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.743 * 5.96%)
13.12%

Discounted Cash Flow Calculation for NasdaqGS:AGNC.N using Excess Returns Model Model

The calculations below outline how an intrinsic value for AGNC Investment is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:AGNC.N Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.8% – 13.12%) * $18.39)
$-0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.06 / (13.12% - 2.73%)
$-0.62
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $18.39 + $-0.62
$17.77
NasdaqGS:AGNC.N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:AGNC.N represents 1.44913x of NasdaqGS:AGNC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.44913x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.77 x 1.44913
$25.75
Value per share (USD) From above. $25.75
Current discount Discount to share price of $26.07
= -1 x ($26.07 - $25.75) / $25.75
-1.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AGNC Investment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AGNC Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AGNC Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AGNC.N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.21
NasdaqGS:AGNC Share Price ** NasdaqGS (2019-03-20) in USD $17.99
United States of America Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.5x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AGNC Investment.

NasdaqGS:AGNC.N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AGNC Share Price ÷ EPS (both in USD)

= 17.99 ÷ 0.21

85.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AGNC Investment is overvalued based on earnings compared to the US Mortgage REITs industry average.
  • AGNC Investment is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does AGNC Investment's expected growth come at a high price?
Raw Data
NasdaqGS:AGNC.N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 85.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
66.6%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 20 Publicly-Listed Mortgage REITs Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:AGNC.N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 85.33x ÷ 66.6%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AGNC Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AGNC Investment's assets?
Raw Data
NasdaqGS:AGNC.N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.57
NasdaqGS:AGNC Share Price * NasdaqGS (2019-03-20) in USD $17.99
United States of America Mortgage REITs Industry PB Ratio Median Figure of 37 Publicly-Listed Mortgage REITs Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:AGNC.N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AGNC Share Price ÷ Book Value per Share (both in USD)

= 17.99 ÷ 17.57

1.02x

* Primary Listing of AGNC Investment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AGNC Investment is overvalued based on assets compared to the US Mortgage REITs industry average.
X
Value checks
We assess AGNC Investment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. AGNC Investment has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AGNC.N Future Performance

 How is AGNC Investment expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
66.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AGNC Investment expected to grow at an attractive rate?
  • AGNC Investment's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AGNC Investment's earnings growth is expected to exceed the United States of America market average.
  • AGNC Investment's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AGNC.N Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AGNC.N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 66.6%
NasdaqGS:AGNC.N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 69.8%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 30.6%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 25.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AGNC.N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AGNC.N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 1,577 1,160 1
2019-12-31 1,377 1,147 2
NasdaqGS:AGNC.N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 229 1,113 93
2018-09-30 1,417 1,165 1,282
2018-06-30 1,460 991 1,346
2018-03-31 1,189 1,158 1,079
2017-12-31 844 1,260 733
2017-09-30 1,474 1,258 1,369
2017-06-30 1,696 1,343 1,602
2017-03-31 1,561 1,380 1,443
2016-12-31 728 1,352 595
2016-09-30 313 1,387 164
2016-06-30 -812 1,245 -980
2016-03-31 -169 1,370 -333

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AGNC Investment's earnings are expected to grow significantly at over 20% yearly.
  • AGNC Investment's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AGNC.N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from AGNC Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AGNC.N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.89 2.71 0.80 4.00
2019-12-31 2.11 2.62 1.59 4.00
NasdaqGS:AGNC.N Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.21
2018-09-30 3.11
2018-06-30 3.47
2018-03-31 2.89
2017-12-31 2.04
2017-09-30 3.99
2017-06-30 4.78
2017-03-31 4.36
2016-12-31 1.79
2016-09-30 0.49
2016-06-30 -2.89
2016-03-31 -0.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AGNC Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AGNC Investment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AGNC Investment has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AGNC.N Past Performance

  How has AGNC Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AGNC Investment's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AGNC Investment has delivered over 20% year on year earnings growth in the past 5 years.
  • AGNC Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AGNC Investment's 1-year earnings growth is negative, it can't be compared to the US Mortgage REITs industry average.
Earnings and Revenue History
AGNC Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AGNC Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AGNC.N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 229.00 93.00 45.50
2018-09-30 1,417.00 1,282.00 46.46
2018-06-30 1,460.00 1,346.00 42.46
2018-03-31 1,189.00 1,079.00 42.46
2017-12-31 844.00 733.00 42.50
2017-09-30 1,474.00 1,369.00 40.73
2017-06-30 1,696.00 1,602.00 39.73
2017-03-31 1,561.00 1,443.00 29.73
2016-12-31 728.00 595.00 19.70
2016-09-30 313.00 164.00 9.70
2016-06-30 -812.00 -980.00 -12.30
2016-03-31 -169.00 -333.00 -5.30
2015-12-31 354.00 187.00 0.70
2015-09-30 -456.00 -723.00 35.00
2015-06-30 442.00 107.00 83.00
2015-03-31 -42.00 -371.00 112.00
2014-12-31 -92.00 -256.00 0.54
2014-09-30 176.00 -31.00 144.00
2014-06-30 -801.00 -925.00 151.00
2014-03-31 965.00 873.00 161.00
2013-12-31 1,411.00 1,245.00 168.00
2013-09-30 2,356.00 2,156.00 170.00
2013-06-30 3,262.00 2,943.00 168.00
2013-03-31 1,256.00 854.00 158.00
2012-12-31 1,620.00 1,267.00 144.00
2012-09-30 961.00 668.00 129.00
2012-06-30 1,006.00 836.00 110.00
2012-03-31 1,376.00 1,277.00 91.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AGNC Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AGNC Investment used its assets less efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
  • Unable to establish if AGNC Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess AGNC Investment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AGNC Investment has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AGNC.N Health

 How is AGNC Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AGNC Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AGNC Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AGNC Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AGNC Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AGNC Investment Company Filings, last reported 2 months ago.

NasdaqGS:AGNC.N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 9,906.00 76,076.00 23,007.00
2018-09-30 9,627.00 66,087.00 17,792.00
2018-06-30 9,042.00 49,158.00 14,627.00
2018-03-31 8,338.00 49,324.00 12,152.00
2017-12-31 8,754.00 50,681.00 12,212.00
2017-09-30 8,791.00 45,947.00 10,507.00
2017-06-30 7,745.00 39,536.00 8,825.00
2017-03-31 7,292.00 39,878.00 10,186.00
2016-12-31 7,356.00 41,611.00 9,279.00
2016-09-30 7,931.00 42,146.00 6,756.00
2016-06-30 7,702.00 47,031.00 4,224.00
2016-03-31 7,660.00 50,527.00 4,327.00
2015-12-31 7,971.00 47,037.00 2,904.00
2015-09-30 8,316.00 46,678.00 3,111.00
2015-06-30 8,718.00 51,696.00 4,415.00
2015-03-31 9,356.00 60,189.00 5,112.00
2014-12-31 9,428.00 51,947.00 7,346.00
2014-09-30 9,357.00 46,633.00 7,428.00
2014-06-30 9,611.00 50,141.00 8,961.00
2014-03-31 8,814.00 51,020.00 9,097.00
2013-12-31 8,697.00 64,865.00 5,218.00
2013-09-30 9,885.00 84,224.00 5,183.00
2013-06-30 10,280.00 74,778.00 14,229.00
2013-03-31 11,642.00 68,339.00 15,597.00
2012-12-31 10,896.00 76,679.00 14,549.00
2012-09-30 11,273.00 81,824.00 9,573.00
2012-06-30 9,136.00 71,744.00 3,437.00
2012-03-31 8,718.00 70,693.00 5,559.00
  • AGNC Investment's level of debt (768%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (744% vs 768% today).
  • Debt is not well covered by operating cash flow (1.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on AGNC Investment's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess AGNC Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AGNC Investment has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AGNC.N Dividends

 What is AGNC Investment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.01%
Current annual income from AGNC Investment dividends. Estimated to be 12.08% next year.
If you bought $2,000 of AGNC Investment shares you are expected to receive $240 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AGNC Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • AGNC Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase AGNC Investment on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AGNC.N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AGNC.N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.16 1.00
2020-12-31 2.18 5.00
2019-12-31 2.17 7.00
NasdaqGS:AGNC.N Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-12 2.160 11.996
2019-02-12 2.160 12.207
2019-01-10 2.160 12.054
2018-12-11 2.160 12.186
2018-11-09 2.160 12.209
2018-10-11 2.160 12.101
2018-09-14 2.160 11.651
2018-08-13 2.160 11.283
2018-07-12 2.160 11.290
2018-06-13 2.160 11.422
2018-05-10 2.160 11.391
2018-04-12 2.160 11.464
2018-03-13 2.160 11.483
2018-02-13 2.160 11.605
2018-01-11 2.160 11.297
2017-12-12 2.160 10.753
2017-11-14 2.160 10.724
2017-10-12 2.160 10.468
2017-09-11 2.160 10.041
2017-08-14 2.160 10.075
2017-07-13 2.160 10.187
2017-06-14 2.160 9.942
2017-05-11 2.160 10.463
2017-04-13 2.160 10.540
2017-03-14 2.160 10.863
2017-02-14 2.160 11.129
2017-01-12 2.160 11.362
2016-12-14 2.160 11.781
2016-11-14 2.160 11.573
2016-10-12 2.160 11.015
2016-09-14 2.160 11.173
2016-07-14 2.400 12.228
2016-06-13 2.400 12.453
2016-05-12 2.400 12.641
2016-04-12 2.400 12.873
2016-03-10 2.400 12.945
2016-02-11 2.400 13.297
2016-01-14 2.400 14.133
2015-12-14 2.400 13.712
2015-11-12 2.400 13.527
2015-10-13 2.400 13.018
2015-09-14 2.400 12.456
2015-08-12 2.400 12.395
2015-07-13 2.400 12.561
2015-06-10 2.400 12.425
2015-04-27 2.400 11.700
2015-04-14 2.640 12.215
2015-03-12 2.640 12.232
2015-02-12 2.640 12.300
2015-01-15 2.640 12.191
2014-12-15 2.640 11.993
2014-11-17 2.640 11.561
2014-10-16 2.640 11.634
2014-09-18 2.600 11.775
2014-06-17 2.600 11.177
2014-03-20 2.600 11.437
2013-12-18 2.600 12.310
2013-09-19 3.200 14.772
2013-06-18 4.200 18.659
2013-03-07 5.000 16.650
2012-12-17 5.000 15.920
2012-09-11 5.000 15.335
2012-06-11 5.000 14.662
2012-02-06 5.000 16.282
2011-12-12 5.600 19.527
2011-09-13 5.600 20.058
2011-06-10 5.600 19.315
2011-03-07 5.600 19.048
2010-12-17 5.600 19.207
2010-09-14 5.600 19.615
2010-06-15 5.600 20.290
2010-03-16 5.600 20.960
2010-02-24 5.150 19.541
2010-02-08 5.150 20.165
2009-12-18 5.600 20.885
2009-09-22 5.600 20.724
2009-06-22 6.000 24.946
2009-03-23 3.400 18.498

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of AGNC Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess AGNC Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AGNC Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AGNC Investment has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AGNC.N Management

 What is the CEO of AGNC Investment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Kain
COMPENSATION $14,645,850
AGE 53
TENURE AS CEO 3 years
CEO Bio

Mr. Gary D. Kain served as the Chief Executive Officer and Director of MTGE Investment Corp. since March 17, 2016 until May 2, 2018 and its Chief Investment Officer since March 2011 until May 2, 2018. Mr. Kain has been Chief Investment Officer of AGNC Investment Corp. since January 26, 2009 and has been its Chief Executive Officer and Director since March 17, 2016. He has been the President of American Capital Agency Management, LLC since October 2009. He served as the President at AGNC Investment Corp. from April 25, 2011 to March 31, 2018 and served as its Senior Vice President from January 26, 2009 to April 25, 2011. He served as the President of MTGE Investment Corp. since March 2011 until March 2018. Mr. Kain served as a Senior Vice President of American Capital Agency Management, LLC. He served as Senior Vice President and Managing Director of RMBS Team at American Capital, Ltd. since January 2009. He served as Senior Vice President of Investments and Capital Markets of Federal Home Loan Mortgage Corporation ("Freddie Mac") from May 1, 2008 to January 20, 2009 and served as its Head of Investments & Capital Markets since October 2008 and Senior Vice President. He served as Senior Vice President of Mortgage Investments & Structuring of Freddie Mac from February 2005 to April 2008 and was responsible for managing all of its mortgage investment activities. Prior to that, Mr. Kain served in several other positions at Freddie Mac since 1988, including Vice President of Mortgage Investments and Structuring and Vice President of Mortgage Portfolio Strategy from 2001 to 2005. Previously, he also served as the Head Trader in Freddie Mac's Securities Sales & Trading Group from 1995 to 2001, where he was responsible for managing all trading decisions including REMIC structuring and underwriting, hedging all mortgage positions, income generation and risk management. Prior to that, he served as a Senior Trader at Freddie Mac, responsible for managing the adjustable-rate mortgage and REMIC sectors. Mr. Kain joined Freddie Mac in 1988 as an Analyst in the Financial Research Department.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year.
  • Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the AGNC Investment management team in years:

2.7
Average Tenure
48
Average Age
  • The tenure for the AGNC Investment management team is about average.
Management Team

Gary Kain

TITLE
CEO, Chief Investment Officer & Director
COMPENSATION
$15M
AGE
53
TENURE
3 yrs

Peter Federico

TITLE
President & COO
COMPENSATION
$5M
AGE
52
TENURE
1 yrs

Bernie Bell

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
46
TENURE
1 yrs

Kenneth Pollack

TITLE
Senior VP
COMPENSATION
$1M
AGE
50
TENURE
2.7 yrs

Christopher Kuehl

TITLE
Executive Vice President of Agency Portfolio Investments
COMPENSATION
$4M
AGE
44
TENURE
7 yrs

Aaron Pas

TITLE
Senior Vice President of Non-Agency Portfolio Investments
COMPENSATION
$2M
AGE
37

Katie Wisecarver

TITLE
Vice President of Investor Relations
TENURE
2.7 yrs

Sean Reid

TITLE
Senior Vice President of Strategy & Corporate Development
TENURE
2.7 yrs

Jason Campbell

TITLE
Head of Asset & Liability Management and Senior Vice President
TENURE
2.7 yrs

Amie Wright

TITLE
Senior Vice President of Internal Audit
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the AGNC Investment board of directors in years:

2.9
Average Tenure
55
Average Age
  • The average tenure for the AGNC Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Prue Larocca

TITLE
Chairman & Lead Independent Director
COMPENSATION
$275K
AGE
66
TENURE
2.8 yrs

Gary Kain

TITLE
CEO, Chief Investment Officer & Director
COMPENSATION
$15M
AGE
53
TENURE
3 yrs

Morris Davis

TITLE
Independent Director
COMPENSATION
$250K
AGE
46
TENURE
11.2 yrs

Larry Harvey

TITLE
Independent Director
COMPENSATION
$250K
AGE
53
TENURE
11.2 yrs

Paul Mullings

TITLE
Independent Director
COMPENSATION
$225K
AGE
67
TENURE
2.3 yrs

Donna Blank

TITLE
Independent Director
COMPENSATION
$8K
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess AGNC Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AGNC Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AGNC.N News

Simply Wall St News

AGNC.N Company Info

Description

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It funds its investments primarily through short-term borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was founded in 2008 and is headquartered in Bethesda, Maryland.

Details
Name: AGNC Investment Corp.
AGNC.N
Exchange: NasdaqGS
Founded: 2008
$9,648,740,265
536,339,092
Website: http://www.agnc.com
Address: AGNC Investment Corp.
2 Bethesda Metro Center,
12th Floor,
Bethesda,
Maryland, 20814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AGNC Common Stock Nasdaq Global Select US USD 15. May 2008
DB 4OQ1 Common Stock Deutsche Boerse AG DE EUR 15. May 2008
LSE 0H6E Common Stock London Stock Exchange GB USD 15. May 2008
BMV AGNC * Common Stock Bolsa Mexicana de Valores MX MXN 15. May 2008
NasdaqGS AGNC.B DEP SHS 1/1000 Nasdaq Global Select US USD 07. May 2014
NasdaqGS AGNC.N CUM 1/1000 7% C Nasdaq Global Select US USD 16. Aug 2017
NasdaqGS AGNC.M 6.875 DEP REP D Nasdaq Global Select US USD 28. Feb 2019
Number of employees
Current staff
Staff numbers
56
AGNC Investment employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:08
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.