AGNC Investment reported second-quarter comprehensive net income of $0.52 per share and net spread and dollar roll income of $0.40 per share, both exceeding its $0.36 quarterly dividend. Book value rose 2.4% to $8.38 per share, generating a 6.7% economic return for the period. CEO Peter Federico noted that despite a challenging environment marked by U.S.-Iran tensions and shifting rate expectations, favorable technicals supported Agency MBS performance. Federico stated that at current spreads the REIT can earn a 15% to 17% return on equity, supporting the dividend that has now been maintained at $0.12 per month for 75 consecutive months.
AGNC Investment Corp.AGNC reported Q2 earnings above its dividend, with comprehensive net income of $0.52 per share and net spread and dollar roll income of $0.40 per share, both exceeding the $0.36 quarterly dividend.
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