Has AGNC's Monthly Dividend Made Up for What Its Share Price Did?
AGNC Investment's dividend payments have really added up over the years.
Overview
AGNC Investment (NASDAQ: AGNC) completed its IPO in May 2008 at $20 per share. Today, shares of the mortgage REIT trade at around $10 per share, a staggering 50% below their IPO price.
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in cumulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.