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AGNC Investment Declares Dividend Maintenance Amid Declining Profitability

The Motley Fool +2 ·

AGNC
AGNC AGNC Investment Corp
$8.88 +1.17%
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  1. 1AGNC Investment reported a 16.9% decrease in AGNC Investment tangible net book value per share for the quarter.
  2. 2AGNC Investment common stock recorded an economic return of -12.7% for the quarter.
  3. 3CEO Peter Federico declared that dividends continue to align well with business economics.

So what's the key point?

AGNC Investment's asset value decreased by 16.9% and it did not generate a profit. However, the company stated that it can continue to pay dividends.

Source The Motley Fool +2 · View original ↗

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