American Capital Agency Q4 Profit Rises; Keeps Dividend Payout Steady, 16% Yield (AGNC)

Late Thursday real estate investment trust American Capital Agency Corp. (AGNC) reported a rise to its fourth-quarter net income.

The Bethesda, Maryland-based company reported its fourth-quarter net income of $810 million, or $2.37 per share, up from $208.7 million, or 99 cents per share, in the same period a year earlier. The company’s comprehensive income for the quarter was $123 million, or 36 cents per share, versus $476.8 million, or $2.27 per share, in the same quarter a year earlier.

More over, AGNC reported a net spread income per share of 89 cents versus 79 cents a year earlier.

The net book value per share came in at $31.64, an 85 cent decrease from the previous quarter. Thus, the economic return for the period, which is the dividend per share plus change in net book value, was 40 cents ($1.25 dividend plus -85 cent book value change).

American Capital Agency shares were up slightly during pre-market trading on Friday. The stock is up about +5% over the past year.

The Bottom Line
Shares of American Capital Agency (AGNC) have a dividend yield of 16.03% based on last night’s closing price of $31.20 and the company’s annualized dividend payout of $5.00 per share.

American Capital Agency Corp. (AGNC) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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