American Capital Agency Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

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On 6/27/14, American Capital Agency Corp's 8.000% Series A Cumulative Redeemable Preferred Stock (Symbol: AGNCP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 7/15/14. As a percentage of AGNCP's recent share price of $26.49, this dividend works out to approximately 1.89%, so look for shares of AGNCP to trade 1.89% lower - all else being equal - when AGNCP shares open for trading on 6/27/14. On an annualized basis, the current yield is approximately 7.55%, which compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of AGNCP shares, versus AGNC:

Performance Comparison Chart


Below is a dividend history chart for AGNCP, showing historical dividends prior to the most recent $0.50 on American Capital Agency Corp's 8.000% Series A Cumulative Redeemable Preferred Stock:

AGNCP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, American Capital Agency Corp (Symbol: AGNC) makes up 13.30% of the Mortgage REIT Income ETF ( MORT ) which is trading lower by about 0.2% on the day Wednesday.

In Wednesday trading, American Capital Agency Corp's 8.000% Series A Cumulative Redeemable Preferred Stock (Symbol: AGNCP) is currently trading flat on the day, while the common shares (Symbol: AGNC) are off about 0.4%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: MORT , AGNCP , AGNC

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