American Capital Agency (AGNC) gains 2.5% premarket after cutting its quarterly dividend 16% to...

|About: AGNC Investment Corp. (AGNC)|By:, SA News Editor

American Capital Agency (AGNC) gains 2.5% premarket after cutting its quarterly dividend 16% to $1.05/share, a 16.6% annualized yield based on last night's close, suggesting the cuts aren't over with. SA Pro's Dane Bowler a month ago suggested an annual payout of about $3.50 as a "sustainable" level for the dividend. (PR)