AGNC Investment Corp announced this week a decrease of their monthly dividend from 18 cents to 16 cents. As a result of this dividend decrease my yearly estimated dividend income from AGNC will drop $16,51 per year.
After the dividend reduction was announced the stock price declined a few percent and I decided to make a small purchase of 14 more shares to keep my dividend income from AGNC on the same level as before.
Stock price is now very close to NAV, but there is still possible price pressure due to the current market development of interest rates. The lack of spread between long and short interest rates makes it that the stock price of mREIT’s is under pressure.