2024-05-02 11:16:26 ET
Summary
- AGNC's management discussed in clear detail the two internal business model measurements during the last call.
- They are paying the dividend off the lower returning view at 15% yields.
- Management's expectation is that once a necessary refinancing is completed this coming year, that the actual returns will drop from the middle 20% yields to 15%.
- The overall cash balance minus the dividend seems in balance, i.e. the business is generating the cash needed to pay it.
- Investors should expect continued volatility.
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For further details see:
AGNC's Q1 Earnings Model Suggests A Safe Dividend Going Forward