Is AGNC Stock a Buy, Sell, or Hold Near Its 52-Week Low?
The mREIT pays a massive dividend, but its stock price decline is erasing those gains.
Overview
AGNC (NASDAQ: AGNC), one of the largest mortgage real estate investment trusts (mREITs) in the U.S., turns heads with its 16.6% forward dividend yield. But its stock has also declined 13% over the past 12 months, offsetting most of those dividends, and sits near its 52-week low.
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As an mREIT, AGNC invests in mortgages and mortgage-backed securities (MBS) to collect interest. Like equity REITs, it pays out at least 90% of its taxable income as dividends to maintain a lower tax rate.
Details
Source
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.