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AGNC Investment maintains dividend despite 16.9% drop in tangible book value

The Motley Fool +1 · ·by G4L

AGNC
AGNC AGNC Investment Corp
$8.23 +0.37%
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  1. 1AGNC Investment recorded a 16.9% decline in tangible book value in the third quarter.
  2. 2AGNC Investment's core earnings per share of $0.37 in the third quarter covers the declared dividend.
  3. 3CEO Peter Federico stated that the dividend continues to align well with the economics of the business.

So what's the key point?

AGNC Investment's asset value decreased by 16.9 percent. However, earnings per share of $0.37 allow the company to pay the dividend.

Source The Motley Fool +1 · View original ↗

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