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AGNC reported 3Q2010 earnings of $1.69/share and dividend of $1.40/share

AGNC just released it 3Q2010 earnings.  You can read the whole press release at this link http://finance.yahoo.com/news/AGNC-Reports-169-Earnings-Per-prnews-187565066.html?x=0&.v=1
 
Some highlights include:

THIRD QUARTER 2010 FINANCIAL HIGHLIGHTS

  • $1.69 per share of net income
    • $1.11 per share, excluding $0.59 per share of other investment related income and $0.01 per share of accrued excise tax
  • $1.59 per share of taxable income
  • $1.40 per share dividend declared
I find the "other investment related income" interesting.  They sold agency securities.  Did they sell them to lower the dividend payout ratio?
 
Be seeing you!

AGNC 3Q2010 earnings release

Press Release Source: American Capital Agency Corp. 
On Tuesday October 26, 2010, 4:20 pm EDT

BETHESDA, Md.

Oct. 26 /PRNewswire-FirstCall/ -- American Capital Agency Corp. ("AGNC" or the "Company") (Nasdaq:AGNC - News) today reported net income for the third quarter of 2010 of $60.0 million, or $1.69per share, and book value of $23.43 per share.

THIRD QUARTER 2010 FINANCIAL HIGHLIGHTS

  • $1.69 per share of net income
    • $1.11 per share, excluding $0.59 per share of other investment related income and$0.01 per share of accrued excise tax
  • $1.59 per share of taxable income
  • $1.40 per share dividend declared
  • $0.99 per share of undistributed taxable income as of September 30, 2010
    • Undistributed taxable income was $39 million as of September 30, 2010, a $2 millionincrease from June 30, 2010
    • $0.74 per share, pro forma, when adjusted for the $328 million follow-on equity offering that settled on October 1, 2010
  • $23.43 book value per share as of September 30, 2010
    • $23.78 per share, pro forma, when adjusted for the follow-on equity offering
  • 27.9% annualized return on average stockholders' equity ("ROE") for the quarter
Be seeing you!