American Capital Agency (AGNC) Declares $0.80 Qtr. Dividend; 13.5% Yield; Approves 11.9M Buyback

September 20, 2013 6:19 AM EDT
American Capital Agency Corp. (NASDAQ: AGNC) declared a quarterly dividend of $0.80 per share, or $3.2 annualized.

The dividend will be payable on October 28, 2013, to stockholders of record on September 30, 2013, with an ex-dividend date of September 26, 2013.

The annual yield on the dividend is 13.5 percent.

The Company also announced today that in the third quarter of 2013, it made open market purchases of approximately 11.9 million shares of American Capital Agency common stock, or 3% of the Company's outstanding shares as of June 30, 2013. The shares were purchased at an average price of $22.16 per share, including expenses, totaling approximately $263 million. Since commencing a buyback program in the fourth quarter of 2012, the Company has purchased approximately 14.8 million shares of American Capital Agency common stock for total consideration of approximately $347 million, including expenses.

For a dividend history and other dividend-related data on American Capital Agency Corp. (AGNC) click here.

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