A 13% Yielder That’s No Longer the Worst I’ve Ever Seen

By Marc Lichtenfeld The last time I wrote about AGNC Investment Corp. (Nasdaq: AGNC), I called it the worst dividend safety rating I’d ever seen.
I concluded that AGNC cutting its dividend seemed like a sure thing.
Less than a year later, AGNC lowered its dividend 11%, to $0.16 per share from $0.18. It was the eighth time it had slashed the dividend in the past 10 years.
Is dividend cut No. 9 coming soon?
If history repeats? Yes.
The good news is that AGNC no longer has the worst dividend safety rating I’ve ever seen. It’s not good, but it’s no longer the worst.
The one positive is …read more