AGNC Dividend Calculator

AGNC paid $1.44 per share over the last twelve months against a share price of $9.62, which is where the 14.97% comes from. Special and one-off distributions are excluded from that figure — they do not recur, and including them would overstate every projection below.

A yield rises for two very different reasons, and they are indistinguishable in the number itself: the company raised its payment, or its share price fell. At more than three times the market median the second explanation is common enough to have a name — the yield trap — and it matters here because every projection on this page multiplies the current yield forward. If the price fell because the market expects the payment to be cut, these figures are calculated from a rate that will not survive.

REITs are required to distribute the large majority of their taxable income to keep their tax status, which is why the yield is high by construction rather than by choice. It also means the payout ratio reads badly against accounting earnings: depreciation charges on property push reported earnings well below the cash actually collected, so the dividend is judged against funds from operations instead.

AGNC pays monthly, so the "per payment" column above is a genuine monthly figure rather than a quarterly sum divided down. For income being drawn rather than reinvested, that alignment with monthly outgoings is the practical difference between a monthly payer and a quarterly one.

Frequency also compounds slightly faster when the income is reinvested: twelve reinvestments a year at the same annual rate finish marginally ahead of four, and the reinvestment figures above already reflect AGNC's actual schedule rather than an assumed quarterly one.

Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. AGNC's full schedule and payment history are on its dividend page.

AGNC's payout ratio of 0.79 means about 79% of earnings are committed to the dividend. That is within earnings but a narrower margin than the sub-0.60 range generally considered comfortable, so a weaker year absorbs more of the cover.

Earnings in a regulated business are unusually steady, which makes this ratio more informative than the same figure struck on cyclical profits — there is less risk that it simply reflects a good year. The corresponding limit is that regulated returns are capped, so the retained portion funds slower growth than an unconstrained business could deliver.

The figures hold the dividend flat, and that assumption carries more weight for AGNC than it would for a lower-yielding holding. There is no established record of consecutive annual increases here, and at this yield a modest reduction in the payment changes the ten-year figure substantially.