American Capital Agency Slices Dividend

American Capital Agency (NASDAQ: AGNC  ) is preparing to distribute less of its middle name in the form of shareholder payouts. The real estate investment trust has declared a common stock dividend of $1.05 per share for its Q2. This is to be paid on July 26 to shareholders of record as of June 28. That amount represents a chop of 16% from the company's previous distribution of $1.25, which was handed out at the end of April.

The firm is a regular dividend payer, although its distribution has dropped in stages, from $1.50 per share to the current level, since July 2009.

The new dividend annualizes to $4.20 per share. That yields 16.6% at American Capital Agency's most recent closing stock price of $25.34.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2496772, ~/Articles/ArticleHandler.aspx, 4/20/2014 7:36:48 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement