American Capital Agency (AGNC) Approves $1.00 Per Share Q3 Dividend

September 19, 2008 3:18 PM EDT

American Capital Agency Corp. (Nasdaq: AGNC) has declared a cash dividend of $1.00 per share for the third quarter 2008. The dividend is payable on October 10, 2008 to common shareholders of record as of September 29, 2008, with an ex-dividend date of September 25, 2008.

Malon Wilkus, Chairman, President and CEO commented, "The third quarter of 2008 marks an important milestone for AGNC as it represents the Company's first full quarter of operations since its IPO and thus, its first opportunity to demonstrate the full strength of its business model. Despite the current market volatility, we believe that AGNC should be able to generate attractive dividend yields while prudently managing leverage."

American Capital Agency Corp. is a mortgage real estate investment trust (REIT) that invests in agency securities for which the principal and interest payments are guaranteed by a United States Government agency, such as the Government National Mortgage Association (GNMA), a United States Government-sponsored entity, such as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC)[SM]

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