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AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for February 2022 and Announces Estimated Tangible Net Book Value of $14.91 per Common Share as of January 31, 2022

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AGNC Investment Corp. declared a cash dividend of $0.12 per share for February 2022, payable on March 9, 2022. Stockholders of record as of February 28, 2022 will receive this dividend. The company also announced an estimated tangible net book value of $14.91 per common share as of January 31, 2022. This figure accounts for the January dividend of $0.12. Additionally, AGNC will cease monthly updates of its net book value after March 31, 2022, although it will continue to declare monthly dividends.

Positive
  • Declared a cash dividend of $0.12 per share, indicating ongoing income for shareholders.
  • Estimated tangible net book value of $14.91 per share supports shareholder value.
Negative
  • Ceasing monthly announcements of estimated net book value may reduce transparency for investors.

BETHESDA, Md., Feb. 10, 2022 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for February 2022. The dividend is payable on March 9, 2022 to common stockholders of record as of February 28, 2022.

The Company also announced today its estimated tangible net book value of $14.91 per common share as of January 31, 2022. The estimate of tangible net book value includes a deduction for the Company's January 2022 dividend of $0.12 per common share, which was declared on January 10, 2022 with a January 31, 2022 record date. The estimated tangible net book value is unaudited and has not been verified or reviewed by any third party. The Company's current estimate may also be materially different from its estimate as of January 31, 2022. The Company undertakes no obligation to update or revise its estimate of tangible net book value.

The Company also announced today that, consistent with industry practice, AGNC will no longer provide monthly announcements of its estimated tangible net book value after March 31, 2022. The Company intends to continue to declare and pay its dividends on a monthly basis.

For further information or questions, please contact Investor Relations at (301) 968-9300 or IR@AGNC.com.

ABOUT AGNC INVESTMENT CORP.
AGNC Investment Corp. is an internally-managed real estate investment trust that invests primarily in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise or a U.S. Government agency.  For further information, please refer to www.AGNC.com.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of important factors, including, without limitation, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of the Company's assets, general economic conditions, market conditions, conditions in the market for agency securities, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.

CONTACT:
Investor Relations - (301) 968-9300

 

Cision View original content:https://www.prnewswire.com/news-releases/agnc-investment-corp-declares-monthly-common-stock-dividend-of-0-12-per-common-share-for-february-2022-and-announces-estimated-tangible-net-book-value-of-14-91-per-common-share-as-of-january-31--2022--301480241.html

SOURCE AGNC Investment Corp.

FAQ

What is the dividend amount declared by AGNC for February 2022?

AGNC declared a cash dividend of $0.12 per share for February 2022.

When is the dividend for February 2022 payable?

The dividend is payable on March 9, 2022.

What is the estimated tangible net book value per share for AGNC?

The estimated tangible net book value is $14.91 per common share as of January 31, 2022.

Will AGNC continue to declare monthly dividends?

Yes, AGNC intends to continue declaring and paying dividends on a monthly basis.

Why is AGNC stopping monthly announcements of net book value?

AGNC will no longer provide monthly announcements of its estimated tangible net book value after March 31, 2022, consistent with industry practice.

AGNC Investment Corp.

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8.34B
882.15M
0.39%
40.96%
4.77%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
BETHESDA