AGNCM - 10% Yielding AGNC Preferred Share Smackdown

May, 02 2024 10:55 AM AGNC Investment Corp. Depositary Shares rep 6.875% Series D Fixed-to-Floating Cumulative Redeemable Preferred Stock

2024-05-02 10:55:03 ET

Summary

AGNC Investment Corp. preferred shares are generally a steady source of income, but can be volatile at times.
The article focuses on the four fixed-to-floating shares of AGNC Investment and compares their yields and performance.
One share stands out as being a bit less attractive than the peers. The other 3 have similar valuations.

The AGNC Investment Corp. ( AGNC ) preferred shares can be a bit wild at times.

Most of the time they are just a steady source of income, though.

We’re going to focus on the four shares that are fixed-to-floating.

That means we’re leaving aside ( AGNCL ), since it is a “fixed-to-reset” share and uses the 5-year Treasury (US5Y) instead....

Company Name:	AGNC Investment Corp. Depositary Shares rep 6.875% Series D Fixed-to-Floating Cumulative Redeemable Preferred Stock
Stock Symbol:	AGNCM
Market:	NASDAQ
Website:	agnc.com